So the Imperial Tobacco half year results are out and Imperial
Tobacco have indeed confirmed their intentions with their dividend policy. They
are to increase the interim dividend by 11% (31.7p to 35.2p).
The board
have also confirmed that they intend to increase the dividend by at least 10%
per year, music to any income investors ears. Of course this is liable to change
pending performance but is great to hear. They have confirmed that they intend
to employ this dividend policy for the medium term. The shares go ex dividend on the 17th July 2013 with a pay date of 16th August.
On this information I have
taken a position at 2300p per share.
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