Cineworld increases its 2017 full year dividend by 14.5%

DividendMax Ltd.

Cineworld increases its 2017 full year dividend by 14.5%

Cineworld 2017 final results

Operational Highlights

Group admissions growth of 3.5% to 103.8m.

Acquisition of 16 screen Empire Newcastle site completed.

Nine new site openings, four in the UK and five in the ROW, adding 109 screens, bringing the total number of screens to 2,217 at 31 December 2017.

Six major refurbishments completed in 2017, four in the UK and two in the ROW.

Leading technological innovation with two new IMAX screens and 11 new 4DX screens.

Announcement in December and completion on 28 February 2018 of the acquisition of Regal Entertainment Group ("Regal"), making Cineworld the second largest cinema chain in the world (by number of screens).

The Board has proposed a final dividend of 15.4p per share (3.1p on a rights adjusted basis), which will result in total cash payable of approximately £42.2m on 6 July 2018.

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