Stobart Group confirms latest quarterly dividend

Stobart Group confirmed its latest quarterly dividend on Thursday, in line with plans outlined to shareholders earlier this year.

The FTSE 250 company reported in its annual general meeting statement in June that it expected to pay an increased quarterly dividend of 4.5p per share, starting with the payment made on 7 July.

Dividends of 4.5p per share were paid on 6 October, and the board declared a further interim dividend of 4.5p per share on Thursday, which would be paid on 19 January to shareholders on the register as at 22 December.

“Subject to board approval, further quarterly dividend payments of 4.5p per share will be made on 13 April,” the board confirmed in its statement.

“The group has non-operating asset resources available to support the dividend until 2022, and thereafter dividends are expected to be funded out of operating profits.”