Premier Investments has announced its astounding record sales.
👉Background: Premier Investments is a retail group that owns brands like Peter Alexander, Smiggle, Dotti, Just Jeans and many more. Fun fact: Premier Investments also owns over 22% of Myer and over 25% of Breville.
👉 What happened: Premier has announced a record revenue of just under $1.5 billion for the last 12 months to July 30, 2022.
👉 What else: As a celebration, Premier has announced a buyback of shares worth $50m as well as a special dividend to shareholders.
💡A dividend is a payment issued by a company to its shareholders… generally each half year or full year. But a special dividend is a rare type of dividends because this isn't expected.
💡A special dividend usually takes place after a specific event, like the sale of a large asset or a spinoff of a company.
💡In this case, it seems like Premier just had a really good year… and wanted to reward its shareholders for sticking by. But calling it a special dividends is kinda like saying - don’t expect this to be a regular thing folks!
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