Fashion chain Ted Baker announce 14% rise in dividend
Fashion chain Ted Baker has announced a 23.4p-a-share dividend as the company’s profits (before one-off charges) jumped 12 per cent to £27.1 million year-on-year.
The announced dividend is 14 per cent up from what shareholders received a year ago. Roughly 40 per cent of the total dividend will go to the brand’s founder Ray Kelvin.
Total sales climbed 15 per cent to settle at £215.6 million in the one-year period to January 28.
Kelvin, who founded Ted Baker in 1988, said the strong trading figures against a tough backdrop are testament to the brand’s strength.
Commenting on the figures, he said, “The Group's excellent results for the year… are testament to the strength of the Ted Baker brand, our collections and, above all, the energy and commitment of our team in bringing Ted to the world stage.”
The company has plans to expand its presence further by opening new stores in London, Fifth Avenue, New York, China, Canada, Toronto and other places later this year.
Separately, Ted Baker founder Kelvin announced that he was marrying his long-term girlfriend Clare this weekend.