In line with the Group’s progressive dividend policy, the Board is pleased to recommend a final dividend of 1.7p per share for the financial year. This final dividend, together with the interim dividend of 1.3p per share, brings the total dividend for the year ended 31 August 2018 to 3.0p per share, an increase of 11% from last year’s total dividend of 2.7p per share.
In addition, the Board intends to distribute to shareholders by way of a special dividend, the earn-out received relating to the QSB Gaming transaction, which on current estimates equates to approximately 8.0p per share and is expected to be paid in spring or early summer 2019.
In light of the Group’s strong, cash generative nature the Board intends to adopt a policy for the financial year ended 31 August 2019 and subsequent years of distributing at least 50% of Adjusted net earnings in dividends. The total dividend for the year is expected to be paid in broadly equal proportions, with one half of the total dividend being paid as an interim dividend.