Daily Mail and Mail on Sunday owner increases dividend


Owner of the Daily Mail and Mail on Sunday increases dividend for investors but reports fall in profits

The owner of the Daily Mail and Mail on Sunday increased the dividend for investors but reported a fall in profits. 

In a boost to shareholders, Daily Mail & General Trust said its payout would rise by 1 per cent to 24.1p for the year to September 30. 

Increase: Daily Mail & General Trust said its payout would rise by 1 per cent to 24.1p for the year to September 30

Increase: Daily Mail & General Trust said its payout would rise by 1 per cent to 24.1p for the year to September 30

Many other firms suspended dividends during the coronavirus crisis. 

But DMGT also said disruption from Covid-19 caused its annual revenues to fall from £1.4billion to £1.2billion, with profits falling from £145m to £72m. 

Paul Zwillenberg, chief executive, said: ‘I am pleased with DMGT’s performance in a highly challenging environment.’



READ SOURCE

READ  HENDERSON HIGH INCOME: High Income by name, and by nature

LEAVE A REPLY

Please enter your comment!
Please enter your name here