Morrisons has signalled its confidence in its turnaround by handing shareholders their third special dividend in a year after reporting rising sales, despite customers becoming more “savvy and cautious”.
The Bradford-based supermarket unveiled a 4p special dividend and boosted its total dividend by more than a quarter to 12.6p.
Morrisons has so far shunned the dealmaking of its larger grocery rivals and has instead focused on building its wholesale business through supply deals with Amazon’s Fresh delivery service, petrol forecourt shops, and convenience chains, such as McColls.
