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First Derivatives' board proposes higher final dividend

First Derivatives Plc's board recommended that a final dividend of 17 pence per share be paid to shareholders for the year to Feb. 28, up from 14 pence per share a year earlier.

Subject to shareholder approval at the June 27 annual general meeting, the payout will bring the total dividend for the year to 24 pence per share, up 20% year over year.

The U.K.-based financial technology provider posted a fiscal-year net profit of £10.2 million, up from £9.0 million a year ago. EPS rose to 37.8 pence from 34.4 pence.