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Fortune
Fortune
Ryan Hogg

Dyson's family-owned company sees dividend fall by £500M

James Dyson speaks on stage at the Dyson Berlin Store Opening on October 19, 2023 in Berlin, Germany. (Credit: Sebastian Reuter—Getty Images for Dyson)

The company that owns Dyson scooped £700 million in dividends from the firm last year ahead of plans to lay off nearly a third of its workforce in the U.K.

The Sir James Dyson–founded group enjoyed a 9% increase in revenues and profits in 2023 while it reaffirmed its commitment to pump £9 million per week into research and development in areas such as AI and robotics.

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