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Games Workshop makes payout after better-than-expected trading

Games Workshop Group PLC (LSE:GAW) has rewarded shareholders with a 50p dividend after reporting trading over the summer was better than expected.

Updating investors ahead of today’s AGM, the Warhammer gaming miniatures group said trading for the three months to 27 August was ahead of the board's expectations.

Core revenue in the quarter totalled £121 million, up from £106 million last year, and licensing revenue doubled to around £6 million from £3 million.

Pre-tax profit is estimated at £57 million, up from £39 million, driven by healthy growth across all channels.

As a result, a 50p payout was recommended, taking dividends declared so far in 2023/24 to £1.95 per share, up from £1.20 per share the year before.