Tesco Declares Special Dividend, Contributes GBP2.5 Billion to Pension Program
January 25 2021 - 2:57AM
Dow Jones News
By Matteo Castia
Tesco PLC said Monday that it is declaring a special dividend
and that it is making a large contribution to its pension program
as it has received the proceeds of the sale of its Thai and
Malaysian businesses.
The British grocer said it has received net funds of 7.80
billion pounds ($10.67 billion) and is returning GBP4.99 billion to
shareholders by way of a special dividend of 50.93 pence a
share.
Tesco said it is contributing GBP2.50 billion to its pension
program, an injection also funded by the proceedings of the Thai
and Malaysian businesses sale.
Write to Matteo Castia at matteo.castia@dowjones.com
(END) Dow Jones Newswires
January 25, 2021 02:42 ET (07:42 GMT)
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