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Personal Group Holdings ups dividend

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Personal Group Holdings ups dividend

Personal GroupHoldings Plc said March 30 that its board proposed a dividend of22.0 pence per share payable in 2016, compared to a total dividend of 20.9pence per share paid in 2015, as part of its progressive dividend policy.

The U.K. insurer paid March 24 a first quarterly dividendpayment of 5.5 pence per share. The company said it seeks to continue payingquarterly dividends of the same amount in June, September and December.Personal Group Holdings reported profit of £9.3 million for 2015, up from theyear-ago £7.6 million.

Additionally, nonexecutive Chairman Chris Curling will stepdown at the May 5 annual general meeting after more than six years in the role.Mark Winlow, who has served as nonexecutive director of the group for 2.5years, will replace Curling.