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Millennium & Copthorne recommends final dividend for FY'17

The board of Millennium & Copthorne Hotels Plc is proposing a final ordinary dividend for 2017 of 4.42 pence per share, down from 5.66 pence per share in 2016.

Along with an interim ordinary dividend of 2.08 pence per share, the hotel owner-operator's total ordinary dividend for 2017 is 6.50 pence per share, compared to the year-ago total of 7.74 pence per share.

The final dividend will be paid May 11 to shareholders on record as of March 16, subject to shareholder approval at the company's May 4 annual general meeting, according to a release.