Based on the belief’s annual report for the 12 months ended 31 March 2024, its unchanged last dividend of £51.50 per share is proposed for the interval, whereas income per share for the 12 months was £51.07.
Transferring ahead, nevertheless, the board stated sustaining or rising its dividend sooner or later could also be tougher after the primary driver of its earnings, the unlisted Lindsell Practice Restricted (LTL), noticed its funds underneath administration nosedive.
The belief receives 80% of its earnings from LTL, which means the corporate’s dividend paying potential “could possibly be negatively impacted” by the funding supervisor’s underneath…
