Stagecoach Group plc have maintained the interim dividend at 3.8p per share. The 3.8p dividend is payable to shareholders on the register at 24 January 2020 and will be paid on 4 March 2020.
Shareholders who wish to participate in the dividend re-investment plan for this dividend should elect to do so by sending their requests to the Company's registrars to arrive by 12 February 2020.
Other financial highlights include:
Solid financial results reflecting business initiatives and the reduction in the scale of the Group over the last eighteen months
Adjusted earnings per share 10.0 pence (H1 2019: 12.9 pence)
Statutory earnings per share 9.8 pence (H1 2019: loss per share 5.5 pence)
London Bus profit ahead of our start-of-year expectations and regional bus revenue growth rate recovering
Net debt £392.6m (27 April 2019 adjusted to include £89.0m lease debt arising on IFRS 16 adoption: £342.3m) includes effect of share buy-backs
No change to our expectation of 2019/20 earnings per share