Trading on track at Games Workshop

Games Workshop confirmed trading was on track on Friday, as it detailed plans to return surplus cash to shareholders.

The maker of miniature wargames including the Warhammer series said it would pay a dividend of £1.20 per share. The payout, it noted, was in line with its policy of returning "truly surplus" cash to shareholders, including the receipt of the remaining £12m of VAT that was outstanding from the French tax authorities.

Total dividends returned in the year so far now total £4.15 per share.

In a brief statement, Games Workshop also confirmed that trading in the three months to the end of February - which includes the key Christmas period - had been in line with expectations.

A full-year trading update will be issued in May, following the payment of the latest dividend on 19 May.