FTSE-listed plumbing and heating supplier Ferguson is to pay £289million in special dividends to investors after completing the sale of its UK business in January.
The company sold Wolesley in a £308million deal to private equity firm Clayton Dubilier & Rice and have promised to give shareholders a 180 cents per share dividend in May from the net proceeds of the sale.
Investors will also receive a 72.9 cents per share interim dividend the same month from the FTSE 100 group due to its strong performance in the six months to the end of January.
The company sold Wolesley in a £308million deal to private equity firm Clayton Dubilier & Rice and have promised to give shareholders a 180 cents per share dividend in May
The Dark Side of America’s Gleaming Skyscrapers Susannah Jacob
Photographs by Daniel Shea
In 2014, at age 19, Eric Mendoza left his farming village outside Mexico City and crossed the Rio Grande. Once in the United States, he worked construction jobs to pay his way across the country. From Texas, Mendoza traveled to rural North Carolina, where he built homes. At a Metro PCS store, he bought a cellphone for $100 so he could call his mother, Elizabeth, who had come to the U.S. when Eric was 8.
On his new phone, Eric told his mother that he had finally arrived. He said North Carolina’s open fields reminded him of home. “He told me, ‘Mom, why can’t you come to me here?’” Elizabeth recalled recently, speaking through a translator. Her life was in New York, she replied. So Eric traveled to Florida, where more construction jobs helped him save for the $700 journey to New York in a