DS Smith announces 31% dividend increase
Jun 28, 2012. The Board of DS Smith has decided to recommend a final dividend per share of 4.0 pence per share which, together with the interim dividend of 1.9 pence per share gives a total dividend for the full year of 5.9 pence per share (2010-2011: 4.5 pence).
Jun 28, 2012. /Lesprom Network/. The Board of DS Smith considers the dividend to be an important component of shareholder returns. As first set out in December 2010, policy is that dividends will be progressive, and, in the medium-term, dividend cover should be, on average, 2.0 times to 2.5 times through the cycle, as the company said in the press release received by Lesprom Network.
The Board has decided to recommend a final dividend per share of 4.0 pence per share which, together with the interim dividend of 1.9 pence per share gives a total dividend for the full year of 5.9 pence per share (2010-2011: 4.5 pence).
This represents an increase of 31% over the prior year and a cover of 2.2 times, in line with target range.
DS Smith Plc is an international supplier of recycled packaging for consumer goods.