By Jaime Llinares Taboada
Smiths News PLC said Monday that it has revised up the dividend for fiscal 2021, and has received an 8.1 million pound ($10.7 million) pension surplus.
The U.K. newspaper and magazine wholesaler has increased its final dividend recommendation for the year ended Aug. 28 to 1.15 pence a share from the previously announced 1.0 pence, bringing the full-year payment to 1.65 pence.
The company said it received GBP8.1 million from the expected winding up of the WHSmith Pension Trust (News section), which is nearing conclusion.
Write to Jaime Llinares Taboada at [email protected]; @JaimeLlinaresT
