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St. Modwen ups dividend 4.7% for fiscal year 2017

St. Modwen Properties Plc recorded a total dividend for the fiscal year ended Nov. 30, 2017, of 6.28 pence per share, up from the 6.00 pence-per-share logged for the same period a year ago.

The latest dividend marked a 4.7% year-over-year climb.

Additionally, the nonexecutive chairman of its board, Bill Shannon, plans to step down from his position during the company's annual general meeting in March 2019. Shannon's tenure as nonexecutive chairman began in March 2011, after he joined the board in October 2010.

St. Modwen plans to appoint Shannon's replacement later in 2018.