Game Workshop shares skyrocket as retailer rewards shareholders

Games Workshop’s shares skyrocketed as the lined-up bumper shareholder rewards after stronger-then-expected trade this summer.

The FTSE 250 miniature maker’s sales boomed in the three months to 27 August, bringing in core revenues of £121million, up from £106million during the same period last year.

The Nottingham-based Warhammer owner declared a dividend of 50p per share, taking dividends declared so far this fiscal year to £1.95 per share,  up £1.20 per share in 2022.

Games Workshop shares soared by 11.26 per cent to 11,560p in early afternoon trading on Friday.

The group revealed that profit before tax is estimated at £57 million for the full-year, up from £39million, ‘driven by healthy growth across all channels’. 

The board game company also said its licensing revenue has doubled year-on-year to £6million.

In July, the company admitted that it accidentally paid investors millions in illegal dividends.

Games Workshop said that due to a ‘minor technical breach’ a 45p per share dividend was paid out last November before it filed its half-year accounts with Companies House.

That meant the payment amounted to an ‘unlawful dividend’.

DIY INVESTING PLATFORMS

AJ Bell

AJ Bell

Easy investing and ready-made portfolios

Hargreaves Lansdown

Hargreaves Lansdown

Free fund dealing and investment ideas

Interactive Investor

Interactive Investor

Flat-fee investing from £4.99 per month

EToro

EToro

Social investing with CopyTrader feature

Bestinvest

Bestinvest

Free financial coaching

Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence.

Compare the best investing account for you