Grainger increases its 2015 full year dividend by 10%

DividendMax Ltd.

Grainger increases its 2015 full year dividend by 10%

FINANCIAL PERFORMANCE

Recurring profit £41.2m (FY14: £47.1m);

Profit before tax of £50.0m (FY14: £81.1m), impacted by the £18.2m loss on re-acquisition of ERIL and a £7.0m adverse movement on derivatives;

Loan to value at 45.5% (FY14: 46.5%);

A final dividend of 2.11p per ordinary share (FY14: 1.89p), resulting in a total dividend for the year of 2.75p per ordinary share (FY14: 2.50p), an increase of 10%.

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