Redde : Preliminary Results (4th September 2014)

Excellent Set of Results from Redde (REDD)

Following a break out from the recent price downtrend (see graph below), Redde today released an excellent set of preliminary results.

The preliminary results included good news for those of us holding Redde shares, as a final dividend of 3.5p was announced (subject to shareholders approval). The section from the results, showing 2014 dividends is set out below...

Based on the current share price (as I write this), this equates to a 5.34% final dividend (making a 10.45% total dividend for 2014). Fair reward for shareholders I would say.

There will be more on Redde in the DIY-Investors Inner Circle Webinar this evening at 8pm.