Smart Metering Systems (SMS) is pressing ahead with its plans to pay a dividend to shareholders despite the disruption caused by Covid-19.
The Glasgow-based firm announced plans last month to pay shareholders a dividend which would take their total payout for the financial year to 6.88p a share, a rise of 15%.
Although plans for its AGM, where it had planned to approve the final dividend payment, have had to be put back, SMS today said it will instead pay a second interim dividend which will add up to the same amount.
The company has temporarily stopped installing smart meters and has closed its offices and warehouses to help combat the coronavirus outbreak.
The firm, which is quoted on the Alternative Investment Market (AIM), said it will still supply emergency support in the field and keep its computer systems running to support existing meters. Maintaining those services for existing meters will allow the company to carry on receiving its recurring revenues.
