Yesterday, Marks and Spencer the UK flagship high street retailer paid out its July Dividend.
11.9p per share.
What is the cost of this dividend to Marks and Spencer PLC ?
http://otp.investis.com/generic/regulatory-story.aspx?newsid=888055&cid=228
The Company’s capital consists of 1,624,731,648 ordinary shares with voting rights.
Thus:-
1,624,731,648 x £0.119 = £193,343,066.11
That is £193 Million.
http://www.shareshop.hsbc.co.uk/shareshop/security.cgi?csi=10057
2.4% yield.