St Modwen increases its 2015 full year dividend by 25%

DividendMax Ltd.

St Modwen increases its 2015 full year dividend by 25%

Financial highlights

91% increase in profit before all tax to £258.4m* (2014: £135.4m)

Shareholders' NAV per share up 27% to 413.5p (2014: 325.1p), and EPRA NAV per share up 30% to 446p (2014: 342p)

Earnings per share up 82% to 97.9p (2014: 53.8p)

Property profits up 31% to £67.4m (2014: £51.3m)

Overall valuation increase of £201.7m (2014: £93.5m) comprising market-driven valuation gain of £35.7m (2014: £57.6m) and gains of £166m (2014: £35.9m) as a result of planning and asset management initiatives which includes a significant contribution from New Covent Garden Market of £127m

Total dividend for the year increased by 25% to 5.75p per share (2014: 4.6p per share)

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