The Fenwick family, owners of the eponymously-named chain of luxury department stores, will receive a dividend of £3.8m despite a drop in both sales and pre-tax profit at their 11 outlets during 2009.
The chain reported a £2.5m drop in sales to £360m for the 52 weeks to January 29, while pre-tax profits declined by £600,000 to £35m.
According to accounts filed at Companies House, a dividend of £11 per share was paid on ordinary shares on November 2, 2009, and a second interim dividend of £18 per share was paid on March 12. There is no proposal of a payment of a final dividend.
The Fenwick chain has outlets in London, Newcastle and Canterbury.
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