Talk Talk announces a maintained total of dividends of £28m paid in the year (2019: £28m) comprised the final dividend for 2019 of 1.50p and the interim dividend for 2020 of 1.00p.
The Board is committed to improving profitability, cash generation and reducing leverage. The Board has recommended a final dividend of 1.50p (2019: 1.50p) taking the total dividend for the year to 2.50p (2019: 2.50p). Looking beyond 2020, the Board will re-assess the dividend policy once the business has reduced leverage towards the Group's mid-term net debt/Headline EBITDA target of 2.0x.
The final dividend for FY20 will be paid on 7 August 2020, subject to approval at the AGM on 21 July 2020 for shareholders on the register on 10 July 2020 (ex-dividend 9 July 2020).