Impressive dividend record from today's update10 Nov 2022 12:22
Chairman's Statement
Revenue and dividends
I am pleased to report that the Company was able to increase its dividend for the 27th year running. Dividends per share for the year of 13.2p represent a 3.1% increase on the previous year. Given the high and accelerating level of inflation during the year, the Company was unable to increase the dividend in real terms, however it has continued to fulfil its primary objective of 'real growth of income' above the levels of inflation over the last five and ten years. The income earned by the Company recovered over the last year as companies gradually began to increase their dividends. Earnings per share for the Company increased by 15.6% to 13.96 pence per share.
A transfer of £527,000 will be made to the Company's revenue reserve, allowing £7.96 million to be carried forward, which amounts to 87% of this year's total proposed dividends.