Company expects profit of £700m for year to end of March, more than double last year
Royal Mail is to make a one-off dividend payment to shareholders after the online shopping boom during the Covid-19 pandemic boosted its parcel delivery business, in a dramatic turnaround of the company’s fortunes.
Royal Mail expects to make an adjusted operating profit of £700m for the year to the end of March, more than double last year’s £325m. This has given it the confidence to pay a final dividend of 10p a share on 6 September, the first payout to shareholders since January 2020. It will set out a new dividend policy when it publishes its full-year results on 20 May, the company said.
