The AA Board has declared that the interim dividend will be 0.6 pence per share, in line with last year. It will be paid on 8 November 2019 to shareholders on the register on 4 October 2019 with the ex-dividend date set for 3 October 2019.
Other financial highlights include:
Revenue up 2% to £491m, reflecting solid performance of Roadside and Insurance divisions
Operating profit up 3% to £120m, Trading EBITDA up 2.5% to £165m and PBT up 50% to £42m
Free cash flow to equity (pre-dividends and bond buy-back) up 214% to £44m (H1 19: £14m)
Capex of £37m (H1 19: £36m) in line with expectations. FY20 and FY21 capex guidance maintained
S&P reaffirmation of ratings of Class A notes and Class B2 note