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Shangri-La Asia board recommends higher YOY dividend for 2017

Shangri-La Asia Ltd.'s board recommended a final dividend of 11 Hong Kong cents per share for 2017, up from the 8-cent-per-share payout in 2016.

The hotel owner and operator expects to pay the proposed dividend June 14 to shareholders of record as of June 5, subject to shareholder approval at the company's forthcoming annual general meeting.