Safestore Holdings plc Reports Unaudited Consolidated Earnings Results for the Year Ended October 31, 2016; Recommends Final Dividend for the Year Ended 31 October 2016, Payable on 7 April 2017
The board of Safestore Holdings plc recommends a 21.1% increase in the final dividend to 8.05 pence per share resulting in an increase of 20.7% in the total dividend to 11.65 pence per share for the year. The total dividend for the year is covered 1.70 times by cash tax earnings. The group's dividend has increased by 103% in the last three years. Shareholders will be asked to approve the dividend at the company's annual general meeting will be held on 22 March 2017 and, if approved, the final dividend will be payable on 7 April 2017 to Shareholders on the register at close of business on 10 March 2017.