DIVIDEND
The Directors are proposing a final dividend of 2.00p (2015: 3.0p), which will be paid on 7 October 2016 to shareholders whose names are on the Register of Members at the close of business on 10 September 2016. The ordinary shares will be quoted ex dividend on 15 September 2016. Together with the previously announced interim dividend of 1.65p per share, this would give a total dividend for the year of 3.65p (2015: 4.50p). This represents maintained cover for the year of 3.0 times earnings on comparable Poundland's underlying EPS before converted 99p Stores. This is in the middle of our targeted range of 2.5 times to 3.5 times cover.
