The Speedy Hire PLC Board is committed to maintaining an efficient balance sheet and regularly reviews the Group's capital resources in light of the medium-term investment requirements and in accordance with the capital allocation policy set out below. The Board confirms today that it intends to maintain the current dividend policy of paying progressive dividends with a pay-out ratio of between 33% and 50% of adjusted profit after tax for the financial year.
The Board has declared an interim dividend of 0.75 pence per share (H1 FY2021 interim dividend: nil pence per share; H1 FY2020 interim dividend 0.70 pence per share), to be paid on 21 January 2022 to shareholders on the register on 10 December 2021. This represents a return to paying interim dividends following the decision not to pay a dividend last year whilst in the midst of the pandemic.
