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Ferguson investors to receive £289m in a special dividend payout


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 ....

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