InterContinental Hotels sets final 2024 dividend in Pence

Published 28/04/2025, 18:12
InterContinental Hotels sets final 2024 dividend in Pence

InterContinental Hotels Group PLC (LON:IHG), a global hospitality leader, has announced the Pence Sterling amount payable for its final 2024 dividend. Shareholders are set to receive 86.0 pence per ordinary share, following the Board’s previous declaration of a final dividend of 114.4 cents per share on February 18, 2025. According to InvestingPro data, IHG has demonstrated strong dividend growth, with a 130.6% increase in the last twelve months and has maintained dividend increases for three consecutive years.

The conversion to Pence Sterling was based on the average market exchange rates from the three working days starting April 23, 2025, utilizing the WMR closing mid-point spot rate at 4:00 pm London time. The resulting exchange rate was £1 to US$1.3299.

Subject to approval at the Annual General Meeting scheduled for May 8, 2025, the dividend will be distributed on May 15, 2025, to shareholders recorded as of the close of business on April 4, 2025.

InterContinental Hotels Group, known for its portfolio of 19 hotel brands and the IHG One Rewards loyalty program, operates over 6,600 hotels worldwide and has a development pipeline of more than 2,200 properties. The company’s brand categories range from Luxury & Lifestyle to Premium, Essentials, and Suites, as well as Exclusive Partners.

The company, which trades under the ticker symbols IHG for Ordinary Shares on the London Stock Exchange and (NYSE:IHG) for ADRs, is incorporated and registered in England and Wales. IHG’s corporate family spans across 100 countries, with approximately 385,000 people working in its hotels and corporate offices. For deeper insights into IHG’s financial health and future prospects, including exclusive ProTips and comprehensive analysis, explore the full company research report available on InvestingPro.

This information is based on a press release statement.

In other recent news, InterContinental Hotels Group PLC has released its Annual Financial Report for 2024, providing insights into its performance and strategic direction. The report is available to shareholders and has been filed with the US Securities and Exchange Commission. Additionally, IHG has announced the acquisition of the Ruby brand for approximately €110.5 million (~$116 million), marking a significant expansion in its portfolio with plans for global growth. This acquisition will integrate Ruby’s existing hotels into IHG’s system by March 31, 2026, with expectations of increasing IHG’s global system size.

Furthermore, IHG has initiated a $900 million share buyback program, demonstrating its strategy to return surplus capital to shareholders. This buyback will be executed by Merrill Lynch International and aims to reduce the company’s issued share capital. The company has also detailed its upcoming 2025 Annual General Meeting, scheduled for May 8, 2025, at the Holiday Inn Kensington in London. Shareholders are encouraged to vote in advance, with key documents available online.

These developments reflect IHG’s ongoing efforts to expand its market presence and enhance shareholder value. The company’s strategic moves, including the Ruby acquisition and share buyback, underscore its commitment to growth and capital efficiency.

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

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.