Stobart shareholders reap dividends

INFRASTRUCTURE and logistics giant Stobart is to double its annual dividend after delivering growth in its energy, aviation and rail operating divisions.

Stobart's total dividend for this year will be 6p a share.  From October it will start to pay quarterly dividends of 3p initially, doubling the current annual dividend to 12p.

There will also be scope to increase the level of the dividend or return cash to shareholders through share buybacks or special dividends, it said.

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