The Covid-19 pandemic saw the Renew plc Board take a number of decisive actions to preserve cash and protect liquidity. One of the measures, taken in April 2020, was the suspension of the Group's interim dividend which would ordinarily have been paid to shareholders in July 2020. They have continued to review our dividend policy whilst understanding the importance of the dividend to their shareholders. The Group's strong trading performance, cash position and positive outlook has given the Board the confidence to propose a final dividend of 8.33p per share, an increase of 8.6 per cent over the prior year final dividend of 7.67p. This will be paid on 5 March 2021 to shareholders on the register as at 29 January 2021, with an ex-dividend date of 28 January 2021. As no interim dividend was paid to shareholders, this will represent a full year dividend of 8.33p per share (2019: 11.50p). In the absence of unforeseen circumstances, or a material adverse impact on trading caused by a worsening of the Covid-19 situation, they expect dividend payments to continue in line with pre-Covid dividend policy going forward.
