Builders Merchants Journal – BMJ Publishing to Builders Merchants and the UK merchanting industry for more than 95 years
A special one-off dividend of £350m is to be shared by Wolseley shareholders, the plumbers merchant group announced in its final year results today (October 2).
The proposed capital return will be via the special dividend and share consolidation and is in part due to revenues from disposals and steadier markets in the USA and Canada, where there has been an improvement in commercial and industrial activity.
It is in addition to the group’s final dividend of 40p. This makes a full year dividend of 60p, 33% up on last year.
