RNS - Progressive Dividend Policy26 Jul 2018 14:32
...the directors now consider that it will be appropriate to recommend an increased dividend for the year ended 31 May 2018 and progressive increases for each of the years ending 31 May 2019, 2020 and 2021.
The directors will therefore recommend a final dividend for the year ended 31 May 2018 of 0.65p per share, which is a 30% increase over the previous year. Thereafter, the board will continue to recommend a 30% annual increase in dividends during the three-year period ending 31 May 2021. The board intends to declare a one-third interim dividend to be paid in April and to recommend a two-thirds final dividend to be paid in October each year.