Wolseley socks it to 'em

The transformation of Wolseley from a company in danger of collapsing under the weight of its own debt to one on a sustainable growth path looks complete after the company announced a special dividend of 40p a share.

The transformation of Wolseley from a company in danger of collapsing under the weight of its own debt to one on a sustainable growth path looks complete after the company announced a special dividend of 40p a share.

The plumbers' merchant has paid a full year dividend of 60p, which is already a third higher than the 45p it paid last year, but on top of that it will pay a one-off 40p special dividend.

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