Whitbread Coca Cola/ Costa Dividend

Does anybody know when Whitbread will announce how much investors will receive from the Costa sell off?

Iā€™m sure it was meant to be by now but have heard nothingā€¦

They will buy back their own shares with the proceeds. Ā£2B scheme to buy back shares.

I was under the impression that shareholders will be receiving a dividend?

We can still expect 2-3% divvy per annum (hopefully growing dividends).

If shareholderā€™s are to receive dividends from costa proceeds, then you can deduct that cash from their market value. Share Price will have to adjust massively.

OK Iā€™m a little confused then, what does this mean:

  • A significant majority of net cash proceeds intended to be returned to shareholders

Taken from here

Costa is the only good thing about Whitbread.

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One way to return value to shareholders is to ā€œbuy backā€ i.e. lower supply of shares in market, increase EPS, the other way is cash dividends which is what youā€™re asking. Not entirely sure about their wordings though. Maybe worth speaking to their investor relations?

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OK will do that

Thanks for the replies/ info :+1:

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FYI : - )

OK so the net cash proceeds will be the buybacks?

Edit: thanks for finding this