RE: tomE15 May 2018 11:59
Rio The RNS says,
Our Special Dividend Policy is to pay out to shareholders the free cash generated by the Group after land investment, all working capital, taxation and other cash requirements of the business in executing our strategy in the near term and the Group's ordinary dividend payments have been met. Subject to shareholder approval at next year's Annual General Meeting, we will increase our special dividend for 2019 by �10 million to �350 million from �340 million for 2018 (due to be paid in July 2018), taking total dividends to �600 million, an increase of 20% from 2018.
In 2019, based on the above, shareholders will receive a total dividend (including ordinary and special dividends) of approximately �600 million or c.18.3 pence per share, comprising an ordinary dividend of approximately �250 million and approximately �350 million by way of a special dividend.
18.3 pps seems a nice one to me.
GL
Tom :-)