Travis Perkins’ plumbing sell-off pays dividends

Having sold its Plumbing & Heating distribution business to an affiliate of H.I.G. Capital in May, Travis Perkins plc expects to complete the disposal next week and will distribute the net proceeds to shareholders through a combination of a special dividend and a share buyback programme.

A special dividend of approximately £79m in aggregate, representing 35 per ordinary share will be paid November 2021 to Travis Perkins shareholders on the register at 6pm on 1 October 2021. The ordinary shares will be marked ex dividend on 30 September 2021.

SWNS TRAVIS MINWORTH 25

 

About Fiona Russell-Horne

Group Managing Editor across the BMJ portfolio.

Check Also

Padeswood aerial

UK’s first net zero cement works one step closer

Hanson UK has progressed to the due diligence and negotiation phase in its bid to …