Further to my write-up on ABB in March (here's a link), I was pleasantly surprised to see this mornings announcement.
Abbey have decided to return around £5m to shareholders by way of a 5p special dividend to be paid in June. This will make a total dividend of 9.9p for the year and yield of 8.6% at the current share price of 115p.
The company has no gearing and at the time of the final results, they had increased net cash by a further £3.3m compared to the previous year.
Ex dividend for the special is next Wednesday, 29th May.