Bargain price with a Bonus16 Dec 2019 23:31
Dividend policy unchanged
The Group maintains a progressive dividend policy and has previously outlined a medium-term objective of a pay-out ratio of approximately 50% of normalised earnings, before exceptional items. In order to take account of the impact of the expected change to provisions in 2019, it is expected that the pay-out ratio will be above 50% in the current year. By way of guidance and subject to the performance of the Group over the remainder of 2019, the Board expects that the total dividend per share for the year ending 31 December 2019 will be approximately 3.0p (2018: 2.6p).