S&U dividend surpasses pre-Covid level

Second-hand car finance provider S&U (LON: SUS) was hampered by a lack of second-hand car stock in November and December, but it still generated a record profit in the year to January 2022 thanks to low impairment charges.

Group pre-tax profit improved from £18.1m to £47m and this enabled S&U to increase its total dividend from 90p a share to 126p a share. That is above the 2019-20 dividend of 120p a share and is covered 2.5 times by earnings.

Net borrowings have increased from £9...

You are unauthorized to view this page.

Latest News

More Articles Like This

Tagdiv Cloud library - template content.