StockMarketWire.com - Tristel (AIM: TSTL), the manufacturer of infection prevention, contamination control and hygiene products, has declared a special dividend of 3p per share.

It will be payable on 6 August 2015 to shareholders on the register on 26 June 2015. The corresponding ex-dividend date is 25 June 2015. The company says it expects to declare a final dividend for the year at the time of the preliminary results which are expected to be announced in mid October.

Francisco Soler, chairman, commented: "As I stated in February in our half yearly report, my philosophy is that our business should return to shareholders cash which is not required for future earnings enhancing investments.

"We continue to generate significant levels of cash after capital expenditure, interest, tax and ordinary dividends paid in accordance with our stated dividend policy. The prevailing policy is two times cover with one quarter of our expectation for the full year pay-out paid as an interim dividend.

"Returning cash to shareholders at this juncture will not be at the expense of investment in the business. We have a more exciting pipeline of new product developments than I have seen at any time in our corporate history."

Mr Soler added: "As stated in our trading update on 21 May 2015, the business is making excellent progress in all of its markets and we view the future with confidence."


At 10:19am: [LON:TSTL] Tristel PLC share price was +7.5p at 97.5p



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