LONDON, Feb 5 (Reuters) - British clothing retailer Next said on Thursday it will pay another special dividend,totalling 90 million pounds ($137 million), and flagged theprospect of three more similar payouts this year.
The group said it would pay a special dividend of 60 penceper share, to be paid May 1 to shareholders on its register atclose of business on April 10.
Next forecast that, at the lower end of its profit guidancefor the 2015-16 year, it will generate around 360 million poundsof surplus cash.
It said that if it was unable to buy back shares it intendedto return this cash in four quarterly special dividends ofapproximately 90 million pounds each, which equates to 60 penceper share per quarter.
The first of these was announced on Thursday.
($1 = 0.6559 pounds) (Reporting by James Davey; Editing by Neil Maidment)
Next (NXT)
