NAHL trades in line with 2016 expectations

18th Jan 2017 14:56

(ShareCast News) - Legal marketing and services business NAHL posted a trading update for the year to 31 December on Wednesday, confirming it traded in line with board expectations.The AIM-traded company said, following publication by the Ministry of Justice of its consultation regarding personal injury claims on 17 November, the group's PI division National Accident Helpline submitted its response to the consultation as an interested stakeholder in December 2016."The board understands the MoJ's response to the consultation is currently due to be published in April 2017," it said in a statement.Fitzalan and Bush, the group's conveyancing and critical care divisions, were unaffected by this consultation and the board said it expected both to continue to make good progress in 2017."The interim dividend of 6.35p per share was paid on 31 October, and the group intends to propose a final dividend, payable in May 2017."The board's dividend policy is to pay two thirds of the group's retained earnings each year, with one third of this at the interim stage."