The board of London-listed property investor and developer Wynnstay Properties Plc's board proposed a final dividend of 11 pence per share for the year ended March 25, up from the 10.25 pence per share paid a year earlier.

Together with the interim dividend of 6.5 pence per share, paid in December 2017, the board recommends a total dividend for the year of 17.5 pence per share, up from the 15.75 pence per share distributed for the previous year.

The payment of the final dividend is subject to shareholder approval at the company's July 10 annual general meeting. If approved, the final dividend will be paid July 20 to shareholders on record as of June 22.