Adsure Services, the specialist business assurance provider, is about to reward shareholders with a dividend that equates to 5% of the current share price.
Having been approved at yesterday’s AGM, a 0.99p final dividend will be paid to shareholders on the register as of the ex-dividend date 17th October.
With Adsure Services shares trading at a mid-price of 20.5p, the 0.99p final dividend alone will provide investors with a 5% yield.
The company paid an interim dividend of 0.49p so the total dividend for the full year was 1.48p, implying a historic yield of 7.2%.
In addition to rewarding shareholders with a very respectable dividend, Adsure Services is rich with growth potential as it expands into new markets and develops proprietary Generative AI technology.
The company posted a robust set of full year result in July revealing a 33% increase in EBITDA and 72% jump in profit before tax.
“Our outlook is promising, and we have excellent visibility over our revenue in the years to come due to the long-term nature of our contracts, which deliver us recurring revenues,” said Kevin Limn, CEO of Adsure Services.
“We look forward to expanding our relationships with existing customers by providing them with additional services, while welcoming new customers. We are identifying new markets and expect to execute plans to enter these markets in the upcoming period.”