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Hong Kong Exchanges & Clearing raises FY'17 final dividend

Hong Kong Exchanges & Clearing Ltd. raised its final dividend for 2017 to HK$2.85 per share from HK$2.04 per share in the year-ago period.

Together with an interim dividend of HK$2.55 per share, the company's total dividend for 2017 rose to HK$5.40 per share from HK$4.25 per share in 2016, according to a Feb. 28 document.

The company's board also proposed to offer a scrip dividend alternative to allow shareholders to elect to receive the final dividend wholly or partly in the form of new fully paid shares in lieu of cash. A 3% discount on the subscription price will be offered to shareholders who will opt for the scrip dividend alternative.

The final dividend is subject to shareholders' approval.