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Logan Property's board proposes final, special dividends for FY'16

For the year ended Dec. 31, 2016, Logan Property Holdings Co. Ltd.'s board recommended a final dividend of 22 Hong Kong cents per share and a special dividend of 3 cents per share, for a total dividend of 25 cents.

The proposed 2016 final dividend is an increase from the 14 cents per share payout in 2015.

Recipients of the proposed dividend will be shareholders listed as members as of July 6, with the distribution scheduled on or around July 19.

The payment of total dividend accounted for about 40% of the company's core profit.

The proposal is tabled for approval on the company's annual general meeting June 27.