The PPHE Hotel Group Limited Board is focused on enhancing value for shareholders and, in line with its previously communicated progressive dividend policy, it proposes to increase the interim dividend. Moreover, it recently launched another share buyback programme given the substantial discount of the current share price compared with the Group's EPRA NRV per share.
This financial progress in the Period and confidence in outlook supports the Board's decision to pay an increased interim dividend of 17 pence per share (H1 2023: 16 pence per share).
