30th Jun 2016 07:12
LONDON (Alliance News) - Redde PLC on Thursday said trading in its final quarter, to end June 30, has continued to positive trend seen in the first nine months of its year, and its operating costs before exceptional costs are likely to "slightly exceed market expectations".
Redde, which provides accident management and legal services, said it plans to offer a final dividend of no less than 5.00 pence per share, which would mean its total dividend for the year would be 9.50p per share, 15% higher than the prior year's annual dividend of 8.25p per share.
Redde said it plans to hike its dividend as indications are that its operating results before exceptional costs will "slightly exceed market expectations" on the back of a continuing strong performance throughout the financial year.
Redde will report its full year results in the early part of September, it said.
Shares in Redde were up 3.6% at 152.75p on Thursday morning.
By Hannah Boland; [email protected]; @Hannaheboland
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