The Associated British Foods Plc Board has declared an interim dividend of 20.7p a share, an increase of 46% on same period last year reflecting the growth in earnings. The dividend will be paid on 5 July 2024 to shareholders registered at the close of business on 31 May 2024.
Other financial highlights include:
-Revenue growth, up 5%, driven by continued good momentum in Retail and food businesses
-Significant growth in adjusted operating profit, up 46%, reflecting strong margin recovery
-Investment of £571m, including a number of strategic initiatives to improve capacity, capability and sustainability
-Free cash flow of £468m, reflecting profit growth and a significant reduction in working capital outflow
