Dividends

Find out more about our dividend policy and payments.

 

Group 264 (1)

Dividends

Dividends

The Directors operate a progressive and sustainable dividend policy that has regard to current performance trends and satisfies certain guiding principles:

  • Dividend cover: targeting 2 times cover

  • Payout ratio: targeting 50% of free cash flow

  • Consistent with medium-term profit outlook
N4A2614 N4A2614

Our recent dividend payments history is as follows:

Financial year Interim Final Total Growth
2018/19 3.9 12.74 16.4 7.00%
2017/18 3.17 11.84 15.55 8.00%
2016/17 3.53 10.87 14.4 8.00%
2015/16 3.36 9.97 13.33 10.00%
2014/15 3.11 9.01 12.12 10.00%
2013/14 2.83 8.19 11.02 10.00%
2012/13 2.62 7.4 10.02 7.60%
2011/12 2.43 6.88 9.31 10.00%

 

Pence per ordinary share.