We usually pay quarterly interim dividends in February, May, August and November.

The Company increased its annual dividend by 3%, from 3.4 pence to 3.5 pence, with effect from our February 2018 quarterly dividend.

This increase follows the 10% increase made in May 2015 and 3% increase in February 2017, demonstrating the continued success of our objective to grow net income.

Dividend cover for the year to 31 March 2018 was 122%.

Dividend history for the financial years ended 31 March:

20182017201620152014

Dividends paid

3.425p3.325p3.3p

3.0p

3.0p

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