The owner of DIY and building retailers Woodie's and Chadwicks has announced the reinstatement of its second interim dividend for 2019.
Ahead of its EGM tomorrow, Grafton Group says it intends to pay the 12.5 pence per share dividend on February 19.
The £30m payout was originally due in April last year but was delayed in response to the onset of the Covid-19 pandemic.
Earlier this month, Grafton said that trading in the two months to the end of December was ahead of expectations with group average daily like-for-like revenue up by 7.2% and total revenue ahead by 10.8% to £439.4m.
It noted that demand was strongest in the Woodie's and Chadwicks businesses in Ireland and in Selco in the UK.
But it added that its overall performance for 2020 will be lower than 2019 due to the significant impact of Covid-19 in the first half of the year.
