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Photo-Me dividends

By BFN News | 07:24 AM | Friday 14 February, 2014

Photo-Me reiterated its expectation that it would hike its ordinary dividend by a further 20% during the current financial year, and in the years 2014/15 and 2015/16. It confirmed an additional return of about £7.5m to shareholders by way of a special dividend of 2p a share, payable on May 15. The company said it was enthused about the outlook for 'Revolution' and accelerating its investment in this product seemed to be the best approach to take to lift future returns for shareholders. "It is therefore very pleasing to complete the manufacturing relocation on schedule. There is considerable demand for the 'Revolution' product and the higher manufacturing capability will enable us to fulfil our ambitious roll-out plans." Story provided by

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