MTF
29/08/2014 14:09
DIVIDEND
REL: 1409 HRS Motor Trade Finances Limited
DIVIDEND: MTF: MTF ordinary share dividend policy
Motor Trade Finances Limited (MTF) has revised its ordinary share dividend
policy. Based on solid new loan performance and a recent successful medium
term note issue, MTF is confident that it has a solid operating base of
sustainable sales growth, funding certainty and sufficient capital to
contemplate a confident future.
MTF will target distribution in a range 40% - 50% of underlying profit after
tax, with payment subject to the medium term trading outlook, prudential
capital requirements and capital expenditure needs. MTF intends to pay
interim dividends at the end of January, April, and July, with a final
dividend expected to be declared and paid in November, following completion
of the audited financial statements. Dividends will be fully imputed to the
extent of imputation credits available.
Contact:
Angus Bradshaw
Managing Director
03 467 7988
End CA:00254603 For:MTF Type:DIVIDEND Time:2014-08-29 14:09:40
