GoCompare declares its maiden dividend

DividendMax Ltd.

GoCompare declares its maiden dividend

Business highlights:

Increased agility in the business, accelerated delivery of updates to the site.

Invested in talent, strengthening key capabilities in Tech, Product and Marketing

Exclusive partnership agreement signed with Haymarket Media Group.

First strategic investment, acquiring minority shareholding in Mortgage Gym Limited.

Leverage of 1.5x - down from 1.7x at 31 December 2016 and 2.8x at the time of demerger.

Interim dividend declared of 0.7 pence per share.

Sir Peter Wood, Chairman, said: "The executive team under Matthew's leadership has made great progress in building on GoCompare's strong foundations and its continuing evolution into a leading tech business.

"I am delighted with the increase in adjusted operating profit and strong cash generation. Our maiden interim dividend of 0.7pence per share balances cash returns to shareholders with our ability to fund potential strategic investments.

"GoCompare is well positioned to continue to drive shareholder value by remaining focused on providing an independent, unbiased and fair service that helps customers save time and money"

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