B&M to pay £250m special dividend
By Sean Farrell
Date: Thursday 09 Dec 2021
(Sharecast News) - B&M European Value Retail said it would pay out £250m to shareholders in a special dividend reflecting strong trading at the discount retailer.
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."
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