At the Capital Markets event in December 2018, the Huntsworth Group reiterated its commitment to a progressive dividend policy which is supported by the Board's confidence in the Group's expected future cash flow generation. The proposed dividend for the full year 2019 of 48.5 pence (2018: 47.0 pence) results in a 3.2% increase (2018: 2.2% increase).
Following the demerger of Wickes, the Board will be reviewing the capital structure and dividend policy of the Group, and will provide an update with the interim results in August 2020.
An interim dividend of 15.5 pence was paid to shareholders in November 2019 at a cost of £38m. If approved, the proposed final dividend of 33.0 pence per share will be paid on 13 May 2020, to shareholders on the register at the close of business on 3 April 2020, the cash cost of which will be approximately £83m.
