B&M to pay £250m special dividend
B&M European Value Retail S.A. (DI)
545.80p
16:45 28/03/24
0.04%
0.20p
B&M European Value Retail said it would pay out £250m to shareholders in a special dividend reflecting strong trading at the discount retailer.
FTSE 100
7,952.62
17:14 28/03/24
n/a
n/a
FTSE 350
4,383.21
17:14 28/03/24
n/a
n/a
FTSE All-Share
4,338.05
16:50 28/03/24
n/a
n/a
General Retailers
4,075.15
17:14 28/03/24
0.82%
33.33
The FTSE 100 group said it would pay 25p per share on 14 January to shareholders on the register on 17 December. It has scheduled a trading update for 11 January.
B&M said: "At its FY22 Interim results on 11 November 2021, the company announced continued strong performance versus pre-pandemic levels, with ongoing evaluation of its leverage and cash position.
"As a result of that evaluation, the board has now determined to return surplus cash to shareholders in line with the company's capital allocation framework."