IMI Interims

[mike]

Well, this is interesting.

- IMI have re-instated their previously suspended final dividend from YE 2019 of 26.2p

- but have halved their interim for 2020 to 7.5p

Having delivered a robust first half profit and cash performance, the Board has revisited its earlier decision to suspend the 2019 final dividend and concluded that IMI will now make this distribution in full (26.2p per share). Further, the Board is recommending a 2020 interim dividend of 7.5p per share (2019: 14.9p per share). The interim distribution has been reset to reflect a dividend earnings cover baseline of 3.0x. This change will enable IMI to deliver more effectively on its long-term growth ambitions. Both of these payments will be made on 11 September 2020 to shareholders on the register at the close of business on 7 August 2020.

https://www.investegate.co.uk/imi-plc--imi-/rns/interim-results--six-months-ended-30-june-2020/202007240700039484T/

[MDW1954]

Well, this is interesting.

- IMI have re-instated their previously suspended final dividend from YE 2019 of 26.2p

- but have halved their interim for 2020 to 7.5p

Having delivered a robust first half profit and cash performance, the Board has revisited its earlier decision to suspend the 2019 final dividend and concluded that IMI will now make this distribution in full (26.2p per share). Further, the Board is recommending a 2020 interim dividend of 7.5p per share (2019: 14.9p per share). The interim distribution has been reset to reflect a dividend earnings cover baseline of 3.0x. This change will enable IMI to deliver more effectively on its long-term growth ambitions. Both of these payments will be made on 11 September 2020 to shareholders on the register at the close of business on 7 August 2020.

https://www.investegate.co.uk/imi-plc--imi-/rns/interim-results--six-months-ended-30-june-2020/202007240700039484T/

Can't say I'm surprised at either development. Going forward, I expect to see more of both.

MDW1954