Harry Potter Publisher Hands out Meaty Dividend After Bumper Profits

Harry Potter Publisher Hands out Meaty Dividend After Bumper Profits
A child holds a copy of "Harry Potter and the Order of the Phoenix," at Waterstone's bookshop in central London on June 21, 2003. Sinead Lynch/Reuters
Reuters
Updated:

Bloomsbury Publishing Plc on Wednesday reported a 40 percent jump in annual profit and raised its final dividend payout by about a quarter, buoyed by a reading boom which stayed even after the pandemic lockdowns.

The London-listed publisher, best known for picking up J.K. Rowling’s Potter series in 1997 after its rejection by a dozen others, “achieved its highest ever results” as more and more people picked up the habit of reading.