The Board has proposed an increased final dividend of 5.0p per share (2013: 4.75p) which, if approved by the shareholders, represents an increased total dividend of 8.4p (2013: 8.0p) per share in respect of the financial year. The Board intends to maintain a progressive dividend policy.
In view of the Board's confidence in the long-term future of the Group, it has resolved to pay an increased final dividend of 5.0p per share (2013: 4.75p) despite the fall in profits for the year. The dividend is subject to approval at the Annual General Meeting. If approved, this will represent total dividends for the financial year of 8.4p per share which is in line with our previous commitment to investors. The final dividend will be paid on 13 November 2014.