The ADF board is recommending reducing the FY24A final dividend from 0.9p p/s to 0.5p p/s. This is out of prudence given the ongoing macro uncertainty and follows consultation with major shareholders representing over 40% of the register. The Board also reiterates that current trading remains in line with our forecasts, with activity weighted to the second half of the year. We have lowered our FY24A full-year DPS from 1.4p to 1.0p and reduced our FY25E from 1.5p to 1.0p, which in total gives a c ....
