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Games Workshop Group has declared its fifth dividend of FY25. The dividend of £1 per share takes the cumulative total dividends for the year to £5.20 per share versus £4.20 per share in FY24, with our prior estimate for FY25 being £4.70 per share. The company’s financial results in FY24 and FY25 have benefited from the release of new editions of its two most important properties, as well as enjoying exceptional years of licensing income, which has provided a strong boost to the company’s free cash generation.
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