FIH Group announces another special dividend
By Josh White
Date: Friday 22 May 2026
(Sharecast News) - FIH Group said on Friday that it would pay a further special dividend to shareholders following the completion of two disposals, taking total returns linked to the transactions to about £13.8m.
The AIM-traded specialist services group, which has businesses in the Falkland Islands and the UK, said it would pay a special interim dividend of 40p per share on 14 July to shareholders on the register at the close of business on 5 June.
The shares would go ex-dividend on 4 June.
The latest payment followed a 70p-per-share special dividend approved at the 2025 annual general meeting and paid on 31 October, bringing total returns to shareholders from the disposals to 110p per share.
FIH said the sale and leaseback of the 100,000 square foot Leyton warehousing facility used by Momart completed on 4 September 2025, returning £11.8m before corporation tax after repayment of the property mortgage, sale of the associated interest rate swap and transaction costs.
A further £0.8m of the sale price was deferred and would be payable once Momart has made rental payments in compliance with the lease for two years.
The sale of the entire issued share capital of The Portsmouth Harbour Ferry Company completed on 28 February, delivering proceeds of £10.7m after transaction costs.
FIH said no corporation tax was expected on the capital gain because the transaction was expected to qualify for the Substantial Shareholding Exemption.
Transaction costs for the disposals included bonus payments to chief executive Stuart Munro and chief financial officer Reuben Shamu of about £478,000 and £239,000 respectively, excluding employer-related taxes, under an incentive scheme approved by the group's non-executive directors.
FIH said the non-executive directors considered the terms of the incentive scheme and the resulting payments to be fair and reasonable as far as shareholders were concerned.
The company said shareholders could reinvest the special interim dividend through its dividend reinvestment plan, with application forms required by 23 June.
Existing participants would have the dividend automatically reinvested.
At 1250 BST, shares in FIH Group were up 22.22% at 275p.
Reporting by Josh White for Sharecast.com.
See latest RNS on Investegate
Email this article to a friend
or share it with one of these popular networks:
You are here: news
10 Lower Thames St,
London EC3R 6EN