GKN increases its 2017 interim dividend by 5%

DividendMax Ltd.

GKN increases its 2017 interim dividend by 5%

Group Highlights

Another period of growth delivering earnings momentum

o Sales up 15% (organic sales up 5%) and management eps increased 14%

o Profit before tax (management basis) up 14% to £393 million (2016: £344 million), helped by currency

o Reported profit before tax £559 million (2016: £182 million)

o Free cash flow of £116 million (2016: £40 million)

Interim dividend increased 5% to 3.1 pence per share

o UK defined benefit pension closed to future accrual, £250 million lump sum payment planned to address the deficit and reduce future deficit recovery payments

Companies mentioned