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Premier Foods reinstates dividend after 13 years

The reinstatement was made possible by attention to the balance sheet
Premier Foods reinstates dividend after 13 years
  • Proportional net debt at a new low at 1.9 times cash profits
  • Questions remain over demand levels when lockdown eases

Premier Foods (PFD) has reinstated its dividend after a 13-year hiatus. The 1.00p per share payment came on the back of a 23.5 per cent increase in adjusted pre-tax profits in the year to 3 April to £115m, as households loaded up on groceries through the lockdowns.

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