Sainsbury reduces its 2016 interim dividend by 20%

DividendMax Ltd.

Sainsbury reduces its 2016 interim dividend by 20%

Financial summary

Underlying Group sales (inc VAT) down 2.0 per cent to £13,641 million (2014/15: £13,916 million)

Retail sales (inc VAT, ex fuel) down 0.1 per cent

Like-for-like sales (inc VAT, ex fuel) down 1.6 per cent

Underlying profit before tax down 17.9 per cent to £308 million (2014/15: £375 million)

Underlying basic earnings per share down 17.2 per cent to 12.0 pence (2014/15: 14.5 pence)

Return on capital employed of 9.1 per cent (2014/15: 11.1 per cent)

Return on capital employed excluding pension fund deficit of 8.5 per cent (2014/15: 10.3 per cent)

Interim dividend 4.0 pence per share, representing 30 per cent of last year's full year dividend (2014/15: 5.0 pence per share) 

Companies mentioned