Redde trading well as investors vote on 12th consecutive dividend
Redde
105.00p
17:15 20/02/20
Investors in insurance fulfilment and legal services specialist Redde were asked to approve a final dividend of 5.6p per share, amounting to a total of £17m, as they gathered for the company’s annual general meeting on Wednesday.
Financial Services
14,051.23
16:59 26/04/24
FTSE AIM 100
3,637.40
17:14 26/04/24
FTSE AIM 50
3,960.47
17:14 26/04/24
FTSE AIM All-Share
755.28
17:14 26/04/24
The AIM-traded company said that, if approved, it would result in total ordinary dividends of 10.5p per share for the year to 30 June, or a total of £32.2m.
It would also result in the payment in Redde’s 12th consecutive dividend since June 2013, with payments since then totalling £105m or 38p per share.
“The positive start to the new financial year, which I described in my statement of 6 September, has continued since that date,” Redde chairman Avril Palmer-Baunack told investors with regard to the first quarter of the current financial year.
“Sales show an increase over the corresponding period last year reflecting continued growth in trading volumes and, as a consequence, trading profits are ahead of the corresponding period last year.
“Early indications are that this trend has continued during October and the board remains confident about the group’s prospects for the financial year as a whole.”