Train station staple WH Smith PLC (LSE:SMWH)’s shareholder returns policy will be a focus point in next week’s preliminary results.
WH Smith received a bumper £85 million cash return in September after the FTSE 250 constituent joined the trend of offloading its defined benefit pension obligations to a third-party insurer.
As a result, WH Smith declared a share buyback scheme that saw £50 million returned to shareholders.
Now, investors will be eager to hear what WH Smith’s capital-allocation policy will be going forward.
Other points of interest when results are published on Thursday, 14 November, will be WH Smith’s net store additions and pipeline for the year ahead.
Shares are currently up 1.5% year to date.