During the year, the FDM Group Holdings paid three dividends totalling £46.8 million, representing 43.0 pence per share.
On 27 January 2021, taking into account the decision not to recommend a final dividend in 2020 in respect of the 2019 financial year, the Board declared a second interim dividend for 2020 of 13.0 pence per share which was paid to shareholders on 26 February 2021. On 28 April 2021, a final dividend of 15.0 pence per share for 2020 was approved by shareholders at the AGM and was paid on 4 June 2021. On 27 July 2021, an interim dividend of 15.0 pence per share for 2021 was declared which was paid on 3 September 2021.
The Board has recommended a final dividend of 18 pence per share, subject to shareholder approval at the forthcoming AGM, taking the total dividend to 33.0 pence per share.
The Board has set a minimum consistent cash buffer at a Group level and will always consider the ongoing needs for the funding of organic growth across the business and the distributable reserves available to the Group when considering dividend levels. At 31 December 2021 the Company had distributable reserves of £51.2 million. This statement does not form part of the audited financial statements and the distributable reserves figure of £51.2 million is therefore not audited by PwC.
