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PSC Insurance board approves higher dividend

Australia-based PSC Insurance Group Ltd.'s board approved a final, fully franked dividend of 5.2 Australian cents per share for the financial year ended June 30.

This is up from the final, fully franked dividend of 4.5 cents per share a year earlier. The ex-dividend date for the 2019 dividend is Sept. 17, while the record date is Sept. 18.

The payment date is Oct. 16. The company also announced a dividend reinvestment plan. Shareholders have until Sept. 19 to apply to participate.

Net profit from continuing operations for the year ended June 30 fell to A$25.4 million from A$27.8 million a year ago.