Redde shareholders told of solid performance ahead of dividend approval

(Sharecast News) - Investors in Redde were told on Wednesday how the "positive start" to the new financial year had continued since the company last updated the market in early September.The AIM-traded firm told shareholders gathered at the annual general meeting that sales had shown an increase over the same period last year, reflecting growth in trading volumes."As a consequence, trading profits are ahead of the corresponding period last year," said chairman Avril Palmer-Baunack."Early indications are that this trend has continued during October, and the board continues to regard the outlook for the financial year as positive."Shareholders were also being asked to approve a final dividend of 6.15p per share, amounting to £18.8m which - if approved - would be paid on 8 November to shareholders on the register on 5 October.The dividend, if approved, would result in total ordinary dividends for the year ended 30 June of 11.65p per share, totalling £35.5m in aggregate.It would also be the company's 14th consecutive dividend since June 2013.