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DIVIDENDS |
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The Board has recommended a final dividend of 21.82p, up 4.3%, subject to shareholder approval at the Annual General Meeting on 30 July 2015. Together with the interim dividend of 9.98p, this will result in a total dividend for the year of 31.80p, an increase of 4.9%(1). This is in line with the previously announced sector leading policy to grow the Group dividend by 4% above inflation per annum. |
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The final dividend will be paid on 2 October 2015 to shareholders on the register on 7 August 2015. The Company is also intending to offer a scrip dividend alternative. The final date for the receipt of Forms of Election/Mandate in respect of the scrip dividend alternative for the final dividend will be 14 September 2015. |
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At the time of the Pre-Close Trading Statement on 23 March 2015, the Board announced a continuation of its current dividend policy of year-on-year growth of 4% above RPI inflation to 2020. |
