Royal Mail to pay one-off dividend amid Covid-19 parcel boom

Company expects profit of £700m for year to end of March, more than double last year

Royal Mail is to make a one-off dividend payment to shareholders after the online shopping boom during the Covid-19 pandemic boosted its parcel delivery business, in a dramatic turnaround of the company’s fortunes.

Royal Mail expects to make an adjusted operating profit of £700m for the year to the end of March, more than double last year’s £325m. This has given it the confidence to pay a final dividend of 10p a share on 6 September, the first payout to shareholders since January 2020. It will set out a new dividend policy when it publishes its full-year results on 20 May, the company said.

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Coronavirus | The Guardian

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