Dunelm pays another special dividend

Dunelm is to reward shareholders with another special dividend after growing market share in furniture and homewares.

The chain will pay shareholders a special dividend on 40p (up from 2022’s 37p) as well as an increased half-year dividend of 15p (14p).

The moves comes after sales rose by 5% to £835m in the six months to 31 December. As the chain had previously warned, pre-tax profits dropped 16.6% to £117.4m.

The number of active customers was 5.7% higher, with 4.8% increase in shopping frequency.

SAles were 43% higher than pre-pandemic levels.

It said it had a ‘strong Winter sale. Whilst customers have been resilient to date, the consumer outlook remains unpredictable. Our expectations for FY23 remain unchanged [with forecasts of pre-tax profits for £176m]’.

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