B&M to pay £250m special dividend
B&M European Value Retail S.A. (DI)
420.90p
17:15 20/09/24
-2.09%
-9.00p
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
8,229.99
17:14 20/09/24
n/a
n/a
FTSE 350
4,543.89
16:49 20/09/24
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FTSE All-Share
4,501.08
17:04 20/09/24
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General Retailers
4,233.04
16:49 20/09/24
-0.33%
-14.03
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."