Saga increases its 2016 full year dividend by 18.1%

DividendMax Ltd.

Saga increases its 2016 full year dividend by 18.1%

Consistent delivery of profit growth

o Underlying profit before tax, excluding derivative gains and the Ogden discount rate impact increased by 5.6%

Sustained cash generation, leading to further deleveraging

o Now within medium-term target range of between 1.5 and 2.0 times

18.1% growth in proposed full year dividend, equating to a payout ratio of 62% (FY 2016: 57%)

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