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MANCHESTER - Renold plc, a global industrial chain and torque transmission product manufacturer, announced on Tuesday that its Board has declared a half-yearly payment for preference stockholders. The dividend is set at 3 pence per unit, consistent with the terms of the 6 percent cumulative preference stock of £1.00 each.
Preference stockholders who are registered by 30 May 2025 will receive the dividend payment on 1 July 2025. The company has also established 29 May 2025 as the ex-dividend date, the day on which the stock begins trading without the dividend included in its stock price.
Renold is recognized for its quality products used in various sectors, including manufacturing, transportation, energy, steel, and mining. The announcement of this dividend payment follows the company’s established practice of providing returns to its preference shareholders.
This dividend declaration is in line with Renold’s commitment to shareholder returns and reflects the company’s financial policies. Preference shares are a type of stock that typically provides a fixed dividend but does not have voting rights in the company.
The information is based on a press release statement from Renold plc and is provided by RNS, the news service of the London Stock Exchange (LON:LSEG).
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