Owner of the Daily Mail and Mail on Sunday increases dividend for investors but reports fall in profits
The owner of the Daily Mail and Mail on Sunday increased the dividend for investors but reported a fall in profits.
In a boost to shareholders, Daily Mail & General Trust said its payout would rise by 1 per cent to 24.1p for the year to September 30.
Increase: Daily Mail & General Trust said its payout would rise by 1 per cent to 24.1p for the year to September 30
Many other firms suspended dividends during the coronavirus crisis.
But DMGT also said disruption from Covid-19 caused its annual revenues to fall from £1.4billion to £1.2billion, with profits falling from £145m to £72m.
Paul Zwillenberg, chief executive, said: ‘I am pleased with DMGT’s performance in a highly challenging environment.’