Ferguson PLC Announces Notice of Dividend Currency Exchange Rate

Rhea-AI Summary

Ferguson PLC announced a final dividend of 166.5 US cents per share, pending shareholder approval at the AGM on December 2, 2021. Eligible shareholders can receive dividends in either US dollars or pounds sterling, with a currency election deadline of November 12, 2021. For those opting for GBP, the exchange rate is 1.3451, resulting in a dividend of 123.78 pence per share. If approved, the payment date is set for December 10, 2021.

Positive

• Final dividend of 166.5 US cents per share may enhance shareholder value.
• Dividend payment date of December 10 shows company commitment to returning capital to shareholders.

Negative

• Currency election deadline passed, limiting options for some shareholders.
• -

NOTICE OF DIVIDEND CURRENCY EXCHANGE RATE - FINAL DIVIDEND 2021

WOKINGHAM, UK / ACCESSWIRE / November 22, 2021 / On September 28, 2021, the Company announced its intention to pay a final dividend of 166.5 US cents per share ("Final Dividend"), subject to shareholder approval at the Company's Annual General Meeting on December 2, 2021 ("AGM").

Eligible shareholders will receive their dividends in US dollars ("USD"), unless an election to receive dividends in pounds sterling ("GBP") is completed and registered with the Company's registrars. The deadline for the currency election in respect of the Final Dividend, was November 12, 2021 and was communicated to shareholders on September 28, 2021.

Set out below is the currency exchange rate for shareholders who will receive the Final Dividend in GBP:

Dividend declared	Exchange rate (GBP/USD)	Dividend to be paid for shareholders receiving dividends in GBP
166.5 US cents per share	1.3451	123.78 pence per share

If approved at the AGM, the Final Dividend will be paid on December 10, 2021 to shareholders who were on the register as at 8:00pm (ET) on October 29, 2021.

Enquiries:

Graham Middlemiss, Group Company Secretary
(+44 (0) 118 927 3800)

Brian Lantz, Vice President IR and Communications
(+1 224 285 2410)

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Ferguson PLC

View source version on accesswire.com:
https://www.accesswire.com/673973/Ferguson-PLC-Announces-Notice-of-Dividend-Currency-Exchange-Rate

FAQ

What is the final dividend amount for Ferguson PLC in 2021?

The final dividend amount is 166.5 US cents per share.

When will the Ferguson PLC final dividend be paid?

The final dividend will be paid on December 10, 2021.

What is the currency exchange rate for the final dividend if paid in GBP?

The exchange rate is 1.3451, resulting in 123.78 pence per share.

What is the deadline to elect the dividend currency for Ferguson PLC?

The deadline to elect the dividend currency was November 12, 2021.