Tesco maintains 2013 final dividend at 10.13p

DividendMax Ltd.

Tesco maintains 2013 final dividend at 10.13p

3.3bn trading profit - year-on-year decline reflects challenges in UK and Europe

Final dividend maintained at 10.13p, giving full-year dividend of 14.76p (cover 2.1 times)

UK sales exc. petrol up +0.8%, with lower net new space contribution as planned

Strong UK growth in online grocery +11% and Express LFL +1.1%

UK LFL inc. VAT, exc. petrol (1.3)% held back by work on the transformation of general merchandise and a weaker and increasingly competitive grocery market in the second half

Nearly 300 UK stores refreshed this year - typical sales uplift +3% to +5%

Ongoing multichannel focus - grocery home shopping launched in five countries

Consistent approach to capital discipline, returns and cash

Companies mentioned