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Next increases shareholder dividend but remains cautious for 2015

Next will increase its shareholder dividend from 50p per share to 60p per share this year, but has insisted it remains “cautious” for 2015.

The retailer, which paid a 50p dividend to shareholders this week, said it would pay the new 60p dividend per share on May 1 and for the following three quarters.

However, in a statement Next said the increase was “not a reflection of current trade”.

“It should not be taken as an indication of any improvement in the trading or profit outlook for the company since our December statement. We remain cautious for the year ahead and are not changing our buyback price limit or profit guidance at this time.”

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