Equals declares maiden interim dividend
Equals Group PLC (LON:EQLS), the fintech payments group focused on the Enterprise and SME marketplace, today announced its Board declared a maiden interim dividend of 0.5 pence per share.
Furthermore, it expects that, subject to shareholder approval, the final dividend for the 2023 financial year will be 1.0 pence per share, giving a total dividend of 1.5 pence for 2023.
The company commented:
“The Board is confident that the payment of a dividend will not compromise the Group’s ability to execute on its strategic objectives. The Board will continue to prioritise the strong balance sheet that allows the Group to invest in Equals’ technology platform, payments infrastructure, licences and connectivity whilst retaining an ability to pursue selective acquisitions in order to accelerate its strategic development”.
The dividend of 0.5 pence per share will be payable to shareholders on the register as at 17 November 2023 with an associated ex-dividend date of 16 November 2023 and a payment date of 7 December 2023.
The most secure way for eligible shareholders to receive their dividends will be to have them paid directly into their nominated bank account. Shareholders can action this by adding their bank details into the Signal Shares portal of Equals’ Registrar, Link Group.
Earlier in November, Equals confirmed that the capital reduction has been duly approved by the Court and has now been filed at Companies House resulting in distributable reserves of around £25 million.