The British supermarket chain Tesco plc (ISIN: GB0008847096) wants to distribute an interim dividend of 2.65 pence (about 3 euro cents) to its shareholders, as the group announced on Wednesday. The payout will take place on November 22, 2019 (Record Day is October 11, 2019).
In the previous year, the interim dividend was 1.67 pence. This will increase the interim dividend by nearly 59 percent. Tesco pays its dividend on a half-yearly basis. A total of 5.77 pence (about 6.50 euro cents) was paid for the last financial year. Based on the current share price of 2.75 euros, this corresponds to a current dividend yield of 2.36 percent.
In the first half of fiscal year 2019/20, Tesco’s sales increased by 0.6 percent to £ 31.9 billion. On a constant currency basis, this was an increase of 0.1 percent. Pre-tax profit climbed to £ 494m after £ 463m in the previous year. Tesco boss Dave Lewis announced his resignation next summer.
Tesco is the UK’s largest supermarket chain and one of the world’s top five retailers. The company employs approximately 450,000 people in over 6,800 food markets.