RE: Poln29 Apr 2024 20:26
No, you're missing a few things.
1. They've switched to two dividends per year.
2. In 2023, only some of the shares were eligible to receive dividends. Old Pollen Street shareholders didn't receive full dividends due to the terms of the merger agreement. They are now entitled to full dividends so although the total £ paid out in dividends is higher, the dividend per share is lower because it's spread across more shares
3. The company is buying back shares so the £33M is becoming more dividend per share with each share bought back because repurchased shares aren't entitled to dividends.