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Intermediate Capital Group ups final dividend

U.K.-based Intermediate Capital Group PLC's board recommended a final ordinary dividend of 21.0 pence per share for the financial year ended March 31, up 8% from 19.5 pence per share a year earlier.

The recommendation resulted in a total ordinary dividend of 30.0 pence per share, up 11% year over year from 27.0 pence per share. The final dividend, subject to shareholder approval, will be paid Aug. 7 to shareholders on the register as of June 15.

The specialist asset manager reported profit attributable to equity holders of the parent of £251.0 million in the year to March 31, up from £217.8 million in the previous year.