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STM Group declares YOY interim dividend hike

The board of STM Group PLC declared an interim dividend of 0.75 pence per ordinary share, up from 0.70 pence per share a year earlier.

The interim dividend is expected to be paid Nov. 20 to shareholders on the register Oct. 25. The British asset manager's board expects to propose a final dividend for 2019, subject to its trading continuing to perform in line with expectations.

STM Group reported unaudited profit attributable to owners of the company of £3.3 million for the six months ended June 30, up from £1.9 million in the same period in 2018.