Plus   Neg

Imperial Brands Adopts Progressive Dividend Policy - Quick Facts

The Board of Imperial Brands plc (IMB.L,IMBBF.PK,IMBBY.PK) revised the Group's dividend policy as progressive, growing annually from the current level, based on underlying business performance. Under the new policy, any surplus cash flows will be returned to shareholders via share buybacks, enhanced dividends or special dividends. For the current fiscal year, the Board confirmed its 10% dividend growth target for the final dividend.

Also, the Board announced a revised capital allocation framework. As part of this, the Board announced a share buyback programme, which will return up to 200 million pounds to shareholders during the current calendar year.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
J. M. Smucker Co. is recalling certain Natural Balance canned cat food, citing health concerns likely associated with increased levels of choline chloride, an animal growth promotant, the U.S. Food and Drug Administration said in a statement. The recall was initiated after receiving reports of adverse reactions. Polaris Industries Inc. is recalling certain Ranger and General Utility, as well as All-Terrain vehicles citing risks of crash, the U.S. Consumer Product Safety Commission said in a statement. The Medina, Minnesota-based company has called back about 26,730 units of Model Year 2019 - 2020 Ranger XP 1000 & Model Year 2020 General XP 1000 Utility vehicles. Gilead Sciences Inc. (GILD) said Friday that the European Commission has granted conditional marketing authorization for Veklury or remdesivir as a treatment for SARS-CoV-2 infection, the virus that causes COVID-19.
Follow RTT