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Mattioli Woods raises final dividend

Mattioli Woods PLC proposed a final dividend for its fiscal year ended May 31 of 13.67 pence per share, up from the previous year's final dividend of 11.5 pence per share.

The final dividend will be paid Oct. 25 to shareholders on the register at business close Sept. 13, subject to necessary approvals. The proposed total dividend for the 2019 fiscal year amounts to 20.0 pence per share, up 17.6% year over year from 17.0 pence per share.

The wealth management company registered full-year profit attributable to equity holders of the parent of £8.2 million, virtually unchanged from the previous fiscal year. Gross discretionary AUM stood at £2.57 billion as of May 31, compared with £2.34 billion a year ago.