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Insider UK
Insider UK
Business
Peter Ranscombe

Naked Wines shareholders in line for special dividend

One of the few dividend-paying stocks on the Alternative Investment Market (AIM) has unveiled the dates for a special payout to shareholders after the sale of its retail business.

Naked Wines has declared a special dividend of 5.2p a share after last week completing the sale of its Majestic Wine chain to Fortress Investment Group, which is owned by Japanese technology investor Softbank for £95 million. The cash will be paid out on 15 January to shareholders on Naked’s register by 27 December, with the shares turning ex-dividend on Christmas Eve.

Last week Fortress promised to keep Majestic Wine’s chain of retailer warehouses open and said it would unveil its strategy in the new year.

The remaining Naked Wines business sells bottles directly to customers over the internet, working with more than 200 winemakers in 17 countries.

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