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Derwent London raises FY'17 final dividend by 10% YOY, declares special dividend

Real estate developer and investor Derwent London PLC intends to distribute a final dividend of 42.4 pence per share for the year ended Dec. 31, 2017, 10.1% higher than the year-ago period.

Additionally, the company has declared a special dividend of 75 pence per share for the period as a result of property sales, which yielded a £169 million profit over historic cost.

Shareholders on the share register May 4 will receive the final dividend payout June 8, according to a release. The special dividend will also be paid out to ordinary shareholders in June.