Delivering against strategy
Tobacco net revenue up 9.7%
Total adjusted operating profit up 10.4%
Adjusted EPS up 12.0%
Cash conversion 95%
Dividend growth of 10%
Further Strong Dividend Growth
We have delivered another year of 10 per cent growth in our dividend, demonstrating our commitment to growing shareholder returns. This is our eighth consecutive year of double digit dividend growth.
The Group has paid two interim dividends of 23.5 pence per share each in June 2016 and September 2016, in line with our quarterly dividend payment policy to give shareholders a more regular cash return.
The Board has approved a further interim dividend of 54.1 pence per share and will propose a final dividend of 54.1 pence per share, bringing the total dividend for the year to 155.2 pence per share, up 10 per cent and in line with our policy of growing dividends by at least 10 per cent per year over the medium term.
The third interim dividend will be paid on 30 December 2016 with an ex‑dividend date of 17 November 2016. Subject to AGM approval, the proposed final dividend will be paid on 31 March 2017, with an ex‑dividend date of 16 February 2017.