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Article: British Railways, Environmental Firm Lays Out Shareholder Cash Return Strategy.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- June 20, 2002
CopyrightCOPYRIGHT 2002 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Robert Lea, Evening Standard, London Knight Ridder/Tribune Business News
Jun. 20--AEA Technology, the privatised nuclear-industry company-turned railways and environmental consultant, finally unveiled its long-awaited return of cash to shareholders today.
The business, which has been through a costly and complex reconstruction peppered with profit warnings, plans to return UKpound 70 million to investors -- UKpound 45 million via a special dividend and UKpound 25 million through future share buybacks.
The dividend, worth 50 pence a share and to be paid by the end of August, is instead of a final dividend worth 7.3 pence last year. The ...