7 Dec 2017 07:00
7 December 2017
Stobart Group Limited
('the Group')
Quarterly Dividend
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.
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