Dividend
A final dividend of 4.4 pence per share is being recommended for payment on 3 June 2016 to Shareholders on the register at the close of business on 6 May 2016. The ex-dividend date will be 5 May 2016.
Our dividend policy is based on a pay-out ratio of 40-50% of adjusted profit after taxation over a business cycle. The directors intend that the Company will pay an interim dividend and a final dividend in respect of each financial year in the approximate proportions of one-third and two-thirds, respectively, of the annual dividend, to be announced at the time of the announcement of the interim and final results.
