English to German Bus/Financial Finance (general) Geschäftsbericht

It remains our policy to maintain a progressive dividend policy, **‘looking through’ occasional periods of earnings dilution**, including the 2016/17 financial year in which we expect to increase our dividend at a similar rate whilst our UK business absorbs the one-time step up in cost in the first year of the new three-year XXX contract.

Wie versteht ihr das?