The Group aims to deliver dividend growth which reflects the expected sustainable long-term growth trajectory of the business.
In line with this policy, the Board intends to declare and pay an interim dividend for the 2016 financial year of 20.59 cents per share (2015: 19.61 cents), to be paid on 21 October 2016 to ordinary shareholders on the register of members at the close of business on 16 September 2016.
With effect from the 2016 interim dividend, we will introduce a full scrip dividend election opportunity for shareholders, to enable shareholders to elect in their absolute discretion to take all or any part of their cash dividend entitlement in Inmarsat shares.
Dividend payments that are due to be paid in cash will be paid in Pounds Sterling based on the exchange rate prevailing in the London market four business days prior to payment. The procedure that will apply for scrip dividends will be advised to shareholders in due course.