Skip to content

U.K. Bargain Billionaire Bags 25 Million-Pound Dividend

The billionaire owner of one of the U.K.’s fastest-growing discount retail chains bagged a multi-million pound dividend last year after the company reported sales soaring to above 3 billion pounds ($3.9 billion). 

T.J. Morris Ltd, the parent of low-cost retailer Home Bargains, paid 25 million pounds to shareholders with the vast majority going to founder Thomas Morris, according to a regulatory filing. Morris holds most of the shares in the company, while his brother Joseph holds a small minority, other filings show.