Pendragon sees higher interim dividend

Britain’s largest car dealership Pendragon pledged to double its 2015 interim dividend after strong demand online helped it to post higher profits in 2014.

The group doubled its proposed final dividend for 2014 to 0.6p, and said it expected the 2015 interim dividend to increase by the same amount. The company posted underlying profit before tax of £60.2m, 36 per cent higher than in 2013, while earnings per share increased to 3.1p from 2.3p. Revenue rose 3.9 per cent to £4bn.