Shareholders in Serco plc are to benefit from their first dividend in 6 years after the outsourcing “giant” triumphantly returned to growth.
It will pay shareholders 1p per share, with “boss” Rupert Soames hailing it as an important milestone!
But there is apparently no truth in claims being made in West Lancashire that the profits made from leisure offshoot Serco Leisure Operating Ltd division at the Beacon Park Golf Course landfill royalties project enabled this astonishing “1p” dividend to be declared.
The payout has lifted shares by 4.7%. Serco is ridden with its criminal electronic monitoring of dead or imprisoned criminals. Soames exposed the small amount of landfill royalties Serco received to Rosie Cooper MP after her pressure for them to own up. Soames describes the news as “escaping the gravitational pull of past mis-steps” [mis-deeds?]
Serco Leisure Operating Ltd declared profit for the year ended 31 December 2018 to be £2,643,000, increased from £2,131,000. The Directors did not recommend the payment of a dividend.