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TSCDY Tesco PLC (PK)

12.90
0.14 (1.10%)
28 Mar 2025 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Tesco PLC (PK) USOTC:TSCDY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.14 1.10% 12.90 8.33 17.88 13.04 12.85 12.93 236,127 21:00:01

Tesco Declares Special Dividend, Contributes GBP2.5 Billion to Pension Program

25/01/2021 7:57am

Dow Jones News


Tesco (PK) (USOTC:TSCDY)
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By Matteo Castia

 

Tesco PLC said Monday that it is declaring a special dividend and that it is making a large contribution to its pension program as it has received the proceeds of the sale of its Thai and Malaysian businesses.

The British grocer said it has received net funds of 7.80 billion pounds ($10.67 billion) and is returning GBP4.99 billion to shareholders by way of a special dividend of 50.93 pence a share.

Tesco said it is contributing GBP2.50 billion to its pension program, an injection also funded by the proceedings of the Thai and Malaysian businesses sale.

 

Write to Matteo Castia at matteo.castia@dowjones.com

 

(END) Dow Jones Newswires

January 25, 2021 02:42 ET (07:42 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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