Mitie Group (MTO) Finals

[csearle]

Slighty old news from last Thursday...

Dividend
Reflecting the lower earnings of the business and to improve our balance sheet strength the Board has recommended a final dividend of 2.67p in respect of FY 17/18, making the total full-year dividend 4.0p per share (FY 16/17: 4.0p per share).

The following is the dividend timetable for the shareholders' information:

Ex-dividend date: 21 June 2018
Record date: 22 June 2018
Drip election date: 9 July 2018
Payment date: 6 August 2018

https://www.investegate.co.uk/mitie-group-plc--mto-/rns/final-results/201806070700076115Q/

[Davidsb]

And, from the Chairman's statement, a comment regarding future dividends:-

Dividends
The Board has recommended a final dividend of 2.67p, taking the total dividends for the year to 4.0p. Going forward we expect the interim dividend to be approximately one third of the previous full-year dividend. We expect to hold the dividend flat until, at least, completion of the transformation programme when we will review the dividend policy.