26th Jul 2018 14:02
LONDON (Alliance News) - Alternative finance provider 1PM PLC on Thursday declared a final dividend for the financial year that ended May 31 of 0.65 pence per share, representing a 30% increase on last year, following strong trading.
The company also changed its dividend policy. It will recommend a 30% annual increase in dividends during the three-year period ending May 2021.
"The board intends to declare a one-third interim dividend to be paid in April and to recommend a two-thirds final dividend to be paid in October each year," 1PM added.
1pm said it will announce its full results for the recent year the week starting September 10.
1PM shares were trading up 7.0% at 46.00p each on Thursday.
Related Shares:
OPM.L