Admiral group reduces its 2014 full year dividend by 1%

DividendMax Ltd.

Admiral group reduces its 2014 full year dividend by 1%

Comment from Henry Engelhardt, Group Chief Executive Officer
"Admiral Group's 2014 was the year of the Baked Alaska - hot and cold in a single bite. The hot?  Profits emerging from our international insurance businesses, in  ConTe in Italy, and record profits at Rastreator and LeLynx, our price comparison businesses in Spain and France, respectively. The cold?  For the first time since we went public, Admiral Group did not post a record profit, but we still made a lot of money, had an enviable 52% return on equity and distributed 95% of our after-tax profits to our shareholders."

Dividend
The Directors have proposed a final dividend of 49.0 pence (22.5 pence normal and 26.5 pence special) per share, to be paid on 29 May 2015.  The ex-dividend date is 7 May 2015 and the record date 8 May 2015.

Companies mentioned