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Sparks commentary - Smiths News

Industrials

Sparks - Smiths News

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Smiths News (LSE: SNWS) – confirms dividend intentions and contract wins
Published by Andy Murphy

In today’s pre-AGM statement, Smiths News confirmed that FY25 trading remains in line with market expectations. The company also confirmed that, assuming it secures approval at the AGM today, it will pay a final dividend of 3.4p and a special dividend of 2.0p to shareholders on 6 February, in line with its capital allocation policy, bringing the total dividend for FY24 to 7.15p/share.  It reiterated that after signing the Reach contract, it has agreements in place representing 91% of revenue until at least 2029.

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