Those with an investment in HBOS shares were congratulating themselves last week, as 2.1 million HBOS private shareholders received £128 million in dividends.
HBOS announced in August that they would be paying its shareholders an interim dividend of 16.6p per share for the first 6 months of 2007, an increase of 23 percent compared to the previous year’s interim dividend.
Private shareholders will receive an average interim dividend payment of £62, on which Harry Baines, Company Secretary of HBOS, commented: “Our 2.1 million shareholders have again benefited from increased profits and dividends.”
HBOS – created by a merger between Halifax and the Bank of Scotland – has the biggest private shareholder base in the UK and is the country’s largest mortgage and savings provider.
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