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    10:48am 17th July 2017

    TOP NEWS: Compass Pays GBP1 Billion Special Dividend To Shareholders

    LONDON (Alliance News) – Compass Group PLC on Monday said it has paid the GBP1.00 billion special dividend to shareholders that was announced in May.

    Compass shares were up 0.9% at 1,603.0 pence per share on Monday.

    The catering and support services firm proposed the special dividend, equal to 61.0 pence per share, on May 10, after it said it enjoyed a solid first half that saw free cashflow generation rise 27% year-on-year.

    Compass said the special dividend has been paid on Monday.

    When the special dividend was declared, Compass reported that for the six months to March 31 it made a pretax profit of GBP831.0 million, up from GBP666.0 million in the same period the prior year. Revenue rose to GBP11.47 billion from GBP9.54 billion year-on-year. The company noted revenue benefited by over 15% from the translational effects of weaker sterling.

    The company also proposed an interim dividend of 11.2p per share, up 5.7% from the prior year, in addition to the special payout.

    By Joshua Warner; joshuawarner@alliancenews.com; @JoshAlliance

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