Paragon increases its 2015 full year dividend by 22.2%

DividendMax Ltd.

Paragon increases its 2015 full year dividend by 22.2%

HIGHLIGHTS

Strong profit growth underpinning improving shareholder returns

Underlying profit before tax increased by 10.2% to £134.7 million (2014: £122.2 million)

Statutory profit before tax increased by 9.3% to £134.2 million (2014: £122.8 million)

Earnings per share increased 11.3% to 35.5p (2014: 31.9p)

Return on underlying tangible equity improved to 12.1% ‡ (2014: 11.5%) (11.4% including start-up losses attributable to Paragon Bank (2014: 10.9%))

Total dividend for the year increased by 22.2% to 11.0p per share (2014: 9.0p), taking dividend cover ratio to 3.2 times

Share buy-back programme to be extended into 2016, by up to £50.0 million

Companies mentioned