Provident Financial increases its 2013 interim dividend by 7.6%

DividendMax Ltd.

Provident Financial increases its 2013 interim dividend by 7.6%

Highlights

Group performance supports further dividend increase

·      First half pre-tax profit before exceptional restructuring cost up 7.0% to £76.5m (2012 restated: £71.5m).

·      Adjusted earnings per share up 7.9% to 43.5p (2012 restated: 40.3p).

·      Customer numbers up 5.5% to 2.7m (2012: 2.6m) and average receivables up 13.3% to £1,441.7m (2012: £1,273.0m).

·      Interim dividend per share up 7.6% to 31.0p (2012: 28.8p).

·      Annualised capital generated of £116.7m, in excess of dividends payable of £108.3m.

Companies mentioned