Gateley agrees dividend policy

BIRMINGHAM-based law firm Gateley has announced that it has formalised its dividend policy.

In an announcement to the London Stock Exchange this morning, the law firm’s board said it would be adopting a traditional twice yearly approach, paying in aggregate, up to 70% of profits after tax.
 
Having paid an interim dividend on January 22, 2016, the next opportunity for the board to declare a dividend will be when it announces its full year results for the year ending April 30 2016, which is expected to be in July.

Gateley floated on the stock market last summer and is the UK’s only listed law firm.