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Lanka Ventures ups fiscal-year dividend YOY

Lanka Ventures PLC raised its dividend for the fiscal year ended March 31, subject to shareholder approval.

The company's board proposed a payout of 2.75 Sri Lankan rupees per share, up from the prior-year dividend of 2.50 rupees, according to an Aug. 14 stock exchange filing.

The dividend is payable Oct. 9.

As of Aug. 14, US$1 was equivalent to 160.15 Sri Lankan rupees.