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STM Group hikes interim dividend

The board of STM Group PLC declared an interim dividend of 0.7 pence per ordinary share, up from 0.6 pence per share a year earlier.

The interim dividend is expected to be paid Nov. 15 to shareholders on the register Oct. 12. The company also noted it expects to propose a final dividend for the 2018 full year, subject to trading continuing to perform in line with its expectations.

The company said its STM Life unit will re-domicile to Malta from Gibraltar, following a group review of the implications of Britain departing the European Union.

STM Group reported unaudited after-tax profit of £1.9 million for the six months ended June 30, down from £2.3 million in the same period in 2017.