Marshalls plc maintains a dividend policy of distributions covered twice by adjusted earnings. The Board has proposed a final dividend of 5.7 pence per share, which, taken together with the interim dividend of 2.6 pence per share, would result in a pay-out in respect of 2023 of 8.3 pence (2022: 15.6 pence). This is in-line with the Group policy and represents a year-on-year reduction of 47% driven by weaker profitability, increase in weighted average shares in issue and a higher effective taxation rate.

The dividend will be paid on 1 July 2024 to shareholders on the register at the close of business on 7 June 2023. The shares will be marked ex-dividend on 6 June 2024.