Money supermarket increses its 2015 interim dividend by 10%

DividendMax Ltd.

Money supermarket increses its 2015 interim dividend by 10%

Insurance revenues up 8% with car insurance premiums starting to show a marginal increase.

Money revenues up 20% due to strong credit card and current account offerings.

Home services revenues up 93% driven by energy collective switches. revenues up 30% with great customer content supported by a more mobile responsive website.

Capital investment of £8m in technology, part of a three-year investment programme.

Peter Plumb, Chief Executive Officer, said:

''We helped 3 million families save on their household bills in the first six months of 2015. Revenues grew 18% while we put more into tech investment to make MoneySuperMarket and TravelSupermarket the easiest way for families to make their money go further."

Cash Balance and Dividend

As at 30 June 2015 the Group had net cash of £22.8m (2014: net debt of £21.0m). 

Having reviewed the cash required by the business and the performance of the Group, the Board has decided to increase its interim dividend by 10% to 2.55p per ordinary share. 

The ex-dividend date is 13 August 2015, with a record date of 14 August 2015 and a payment date of 11 September 2015. Shareholders have the opportunity to elect to reinvest their cash dividend and purchase existing shares in the Company through a Dividend Reinvestment Plan.

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