When Rexam (REX) sold its personal care division for $709m (£439m) last summer it promised to hand a large slice of the proceeds back to shareholders. True to its word, the beverages can maker has just posted forms setting out a £395m return worth 45p a share, and there's a menu of options depending on an investor's tax situation.
IC TIP:
Buy
at
448p
Shareholders get one B share worth 45p for each Rexam share they own, which they can choose to receive either as income or capital, depending on their tax position. Pick the dividend, or fail to get the form back in time, and cheques will be in the post on 11 February. Opt for capital and the money will be sent either on 11 February, or, if preferred, on 15 April, in the new tax year.