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Park Group to pay higher final dividend for fiscal year 2018

U.K.-based Park Group PLC's board recommended a final dividend of 2.05 pence per share for the year ended March 31, up from the year-ago 1.95 pence per share.

The final dividend — payable Oct. 1 to shareholders on the register Aug. 24 — brings the total dividend for the fiscal year to 3.05 pence per share, higher than 2.90 pence per share a year earlier.

The company reported a profit attributable to equity holders of the parent of £10.4 million for the year, up on a yearly basis from £9.9 million. EPS rose to 5.60 pence from 5.29 pence a year ago.