Bouleversee wrote:dealtn wrote:Bouleversee wrote:Thanks for that, dealtn. No time to read all those pages and probably wouldn't mean much to me anyway. I might get around to seeing what was said about dividends, however.
Well you need to get down to page 47 of 49 before the Appendices, maybe a reflection on the importance it places on them.
"Last year we did not pay any dividends in order to help secure the finances of the business during the pandemic. In the light of this year’s anticipated cash flow and the strength of our balance sheet, the Board declared a special dividend in July of 110p per share, which was paid on 3 September 2021.
The Company remains committed to its long term policy of returning surplus cash, that cannot be profitably invested in the business, to shareholders. It is our intention to distribute any remaining surplus cash generated this year as a second special dividend at the end of January 2022. Any further
dividends will be announced in our Christmas Trading Statement on Thursday 6 January 2022. We currently plan to return to ordinary dividends in the year to January 2023."
Sounds to me they envisage plenty of opportunities for profitable investing in the business on behalf of shareholders which is, of course, excellent news!
Which IIRC is what they said last time. Thanks for saving me the bother.
Exactly, and the shares have risen since then to an all time high! I like both the message and the delivery against it.
