Paragon increases its 2016 interim dividend by 19.4%

DividendMax Ltd.

Paragon increases its 2016 interim dividend by 19.4%

HIGHLIGHTS

Profit and RoTE growth underpinning increasing returns to shareholders

12.5% growth in underlying profits to £71.9 million (2015 H1: £63.9 million)

Statutory profit before tax increased by 11.0% to £69.5 million (2015 H1: £62.6 million)

EPS increased by 17.2% to 19.1p (2015 H1: 16.3p)

Paragon Bank reports maiden profit

Return on tangible equity improved to 12.7% (2015 H1: 11.0%)

Dividend increased by 19.4% in line with target cover ratio

£83.5 million of £100.0 million share buy-back programme completed

Companies mentioned