7 Dec 2017 07:00
7 December 2017
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Stobart Group Limited
('the Group')
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Quarterly Dividend
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We reported in the AGM statement in June an expectation to pay an increased quarterly dividend of 4.5p per share, starting with the payment made on 7 July 2017. Dividends of 4.5p per share were paid on 6 October 2017 and the Board has now declared a further interim dividend of 4.5p per share which will be paid on 19 January 2018 to shareholders on the register as at 22 December 2017.
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Subject to Board approval, further quarterly dividend payments of 4.5p per share will be made on 13 April 2018. The Group has non-operating asset resources available to support the dividend until 2022, and thereafter dividends are expected to be funded out of operating profits.
Enquiries:
Stobart Group Limited C/o Redleaf Communications
Warwick Brady, CEO
Redleaf Communications +44 207 382 4730
Charlie Geller Stobart@redleafpr.com
Ian Silvera