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Galliford Try Holdings PLC - Uxbridge, England-base construction company - Declares 12 pence per share special dividend for the financial year ending on June 30, as it is set to receive a £26 million cash payment as settlement of a long-standing contract dispute. Galliford says the dispute concerns three contracts with entities owned by ‘a major infrastructure fund’. It says it intends to return a substantial proportion of the settlement to shareholders, while retaining some to invest in growth. The form and amount of any further returns is yet to be decided. Expects to take a one-off, non-cash write-off of about £3 million in financial 2023 as a result of the settlement. Current stock price: 192.78 pence, up 4.0% in London on Thursday morning 12-month change: up 6.9% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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