Mears Group announces 23% dividend hike for FY24

Published 14/04/2025, 13:56
Mears Group announces 23% dividend hike for FY24

LONDON - Mears Group PLC, a prominent service provider to the UK Housing sector, has announced a proposed final dividend of 11.25p per share for the financial year 2024. This proposed dividend is an increase of 23% over the previous year’s total dividend, reflecting a full-year total of 16.00p per share compared to 13.00p in FY23.

The announcement follows the company’s final results published on April 10, 2025, and is contingent on shareholder approval at Mears Group’s Annual General Meeting scheduled for June 4, 2025. If approved, the dividend will be payable on July 10, 2025, to shareholders on record as of the close of business on June 20, 2025. The company has set June 19, 2025, as the ex-dividend date.

Mears Group, which manages and maintains approximately 450,000 homes across the UK, employs over 5,000 people and operates in every UK region. The company’s services extend beyond property management and maintenance, including providing affordable housing solutions and support for vulnerable individuals.

The proposed dividend increase aligns with Mears Group’s strategy of focusing on long-term outcomes and investing in innovations that enhance the quality of life for residents and contribute to the social, economic, and environmental wellbeing of communities.

The information regarding the dividend declaration is based on a press release statement and has been disseminated by RNS, the news service of the London Stock Exchange (LON:LSEG), which is authorized by the Financial Conduct Authority to act as a Primary Information Provider in the UK.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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