On July 29, 2016 Indivior paid a second interim dividend of 9.5 cents (7.30 pence) per ordinary share, as announced for payment by the Board on February 18, 2016. Together with the first interim dividend of 3.2 cents (2.08 pence) per share, paid in October 2015, this brings the total dividend for the financial year to 12.7 cents per share. This fulfills the Company’s commitment in the prospectus, issued for the demerger in November 2014, that the Company would pay out 40% of net income as a dividend, payable in US$ for the 2015 financial year.
First and Second Interim Dividend Payments
|First interim dividend||Date|
|Ex-dividend date||September 17, 2015|
|Record date||September 18, 2015|
|Payment date||October 23, 2015|
|Second interim dividend||Date|
|Ex-dividend date||June 16, 2016|
|Record date||June 17, 2016|
|Payment date||July 29, 2016|
Future Dividend Policy
The Board, as indicated in the prospectus for the demerger in November 2014, has considered future dividend policy in the light of the Company’s current financial position, strategy and prospects. Given the uncertainties facing the Company, including generic challenges to the intellectual property of Suboxone® film, the level of gross debt together with the associated covenants and the need to seek to diversify the sources of revenue and cash-flow, the Company does not expect to pay ordinary dividends for the foreseeable future.