Winkworth PLC has announced that the company will pay a dividend to shareholders of 1.4p per ordinary share for the second quarter of 2020.

The payout in Q1 was 1.68p.

Winkworth traded profitably in the first half of 2020 and the Group’s net cash position at the end of the period exceeded £3m.

The company says that after adhering to government guidelines and rapidly adopting all the necessary measures to ensure the safety of customers and staff, it was well positioned to restart activity at the end of lockdown on 13 May.

Between that date and 30 June, Winkworth ranked second in London for both instructions and sales, according to TwentyEA (sales, subject to contract).

While the outlook for the second half of the year remains hard to predict, the board says that it remains committed to paying a quarterly dividend.