Adderley family cashes in on Dunelm stake
11 April 2012
The Adderley family that founded homewares retailer Dunelm is paying itself a special dividend of around £28 million.
Dunelm today unveiled plans to return £43 million of capital to investors.
The largest is the Adderley family with a 59% stake. The payout will come via a B share scheme.
Profit before tax leapt 69% to £46.2 million in the 26 weeks to 2 January. The interim dividend is up 50% to 3p.
"We expect consumer spending to weaken in 2010 compared with 2009 as a result of broader economic and political factors," said chief executive Will Adderley.
"However I am confident that even if LFL [like-for-like sales] growth does prove challenging, overall Dunelm will continue to grow and to become an even stronger business."
