British asset manager Scottish Investment Trust PLC's directors recommended final and special dividends of 6.90 pence per share and 7.45 pence per share, respectively, for the fiscal year ended Oct. 31 — up from 6.20 pence per share and 4.0 pence per share a year earlier.

Both dividends will be paid out Feb. 14, 2020, to shareholders on the register on Jan. 17, 2020, subject to shareholder approval.

Should the final dividend be approved, the company's total regular dividend for the fiscal year will increase by 7.5% to 22.80 pence per share, while approval of the special dividend will see its total dividend increase by 20.0% to 30.25 pence per share.