Ferguson PLC Announces Notice of Dividend Currency Exchange Rate

Rhea-AI Summary

Ferguson PLC has declared a quarterly dividend of $0.75 per share, to be paid on May 5, 2023. Shareholders have the option to receive dividends in US dollars or pounds sterling, with the currency election deadline set on April 5, 2023. For those opting for GBP, the dividend amount will convert to £0.59 per share based on an exchange rate of 1.2516.

Shareholders must have been registered by 8:00 PM ET on March 17, 2023 to qualify for the dividend. All relevant details have been proactively communicated to stakeholders.

Positive

• Quarterly dividend of $0.75 per share indicates strong company performance.
• Shareholders have flexibility in currency choice for dividend payouts.

Negative

• None.

News Market Reaction – FERG

+1.33%

+1.33% Session move

In the trading session that priced this news, FERG gained 1.33%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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FERGUSON PLC

SECOND QUARTER DIVIDEND 2023
NOTICE OF DIVIDEND CURRENCY EXCHANGE RATE

WOKINGHAM, UK / ACCESSWIRE / April 17, 2023 / On March 7, 2023, Ferguson plc (NYSE:FERG)(LSE:FERG) (the "Company") announced its intention to pay a quarterly dividend of $0.75 per share ("Q2 Dividend").

Eligible shareholders will receive their dividends in US dollars ("USD"), unless an election to receive dividends in pounds sterling ("GBP") is completed and registered with the Company's registrars. The deadline for the currency election in respect of the Q2 Dividend, was April 5, 2023, and was communicated to shareholders on March 7, 2023.

Set out below is the currency exchange rate for shareholders who will receive the Q2 Dividend in GBP. The GBP dividend per share figure has been rounded down to the nearest pence:

Dividend declared in USD	Exchange rate (GBP/USD)	Dividend to be paid for shareholders receiving dividends in GBP
$0.75 per share	1.2516	£0.59 per share

The Q2 Dividend will be paid on May 5, 2023, to shareholders who were on the register as at 8:00pm (ET) on March 17, 2023.

Inquiries:

Kate McCormick, Company Secretary	Tel: +44 (0) 118 927 3827
Brian Lantz, Vice President IR and Communications	Mobile: +1 224 285 2410

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Ferguson PLC

View source version on accesswire.com:
https://www.accesswire.com/749468/Ferguson-PLC-Announces-Notice-of-Dividend-Currency-Exchange-Rate

FAQ

What is the dividend amount declared by Ferguson PLC for Q2 2023?

Ferguson PLC declared a quarterly dividend of $0.75 per share for Q2 2023.

When will the dividend be paid to shareholders?

The dividend will be paid on May 5, 2023.

What is the exchange rate for the dividend in GBP?

The exchange rate is 1.2516, resulting in a GBP dividend of £0.59 per share.

What was the deadline for currency election for the Q2 dividend?

The deadline for currency election was April 5, 2023.

Who needs to be registered to receive the Q2 dividend?

Shareholders needed to be registered by 8:00 PM ET on March 17, 2023, to qualify for the dividend.