Eckoh PLC (LON:ECK) has said that given the continued resilience of its business combined with its high levels of repeat and recurring revenues, and with a further three months of trading behind it, its board has approved the payment of a special dividend of 0.61p per ordinary share.
The global provider of secure payment products and customer contact solutions, which is holding its annual general meeting (AGM) at 11.00am on Wednesday, pointed out that it had indicated at the time of its annual results announcement on June 16, 2020, that it did not intend to propose a year-end dividend, but that this decision would be kept under consideration if conditions stabilised.
The group said the dividend will be paid on October 23, 2020, to shareholders on the register as of September 25, 2020. As this is a special dividend in lieu of the final dividend from the financial year ending March 31, 2020, it does not require approval at the AGM.
The company said its board will continue to keep its dividend policy under close review whilst the current macro-economic and coronavirus (COVID-19) uncertainty remains.
Eckoh added that its financial position remains strong with net cash of £12.2mln as at the end of August, 2020, and its management remain confident of further progress in the second half of the year.