At the Annual General Meeting on 15 March 2023 the Chemring Group shareholders have approved a final dividend in respect of the year ended 31 October 2022 of 3.8p per ordinary share. This was paid on 14 April 2023 to shareholders on the register on 24 March 2023.
The Board continues to recognise that dividends are an important component of total shareholder returns. The Board's objective is for a growing and sustainable dividend and continues to target a medium-term dividend cover of c.2.5 times underlying EPS, subject inter alia to maintaining a strong financial position. Therefore, the Board has declared an interim dividend in respect of the 2023 financial year of 2.3p per ordinary share which will be paid on 8 September 2023 to shareholders on the register on 18 August 2023.
