Next To Issue further Special Dividend to Shareholders
January 31, 2014 12:58 pm
Following on from their early statement and previously announced 50p special dividend to shareholders in february, fashion chain NEXT (NXT.L) has announced a further special dividend of 50p to be paid on May 1st.
The company recently announced a decision to buyback shares or issue special dividends depending on the current share price. Saying in a statement earlier in the month that they expect to generate a further £300M in cash this year. According to their current policy shares are trading above the level at which the company would start to buyback shares so they will continue to return surplus cash to investors in the form of special dividends.
Following on from their early statement and previously announced 50p special dividend to shareholders in february, fashion chain NEXT (NXT.L) has announced a further special dividend of 50p to be paid on May 1st.
The company recently announced a decision to buyback shares or issue special dividends depending on the current share price. Saying in a statement earlier in the month that they expect to generate a further £300M in cash this year. According to their current policy shares are trading above the level at which the company would start to buyback shares so they will continue to return surplus cash to investors in the form of special dividends.
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