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Nib Holdings ups dividend

Nib Holdings Ltd. declared a fully franked dividend of 23 Australian cents per share for the fiscal full year 2019, an increase from 20 cents per share in 2018.

The payout includes a final dividend of 13 cents per share. It will be paid Sept. 30 to shareholders of record as of Aug. 28.

The company's fiscal full-year 2019 net profit after tax rose 11.8% to A$149.3 million. Underlying operating profit was A$201.8 million, up 9.2% over the previous year.