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S&U proposes higher fiscal final dividend

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S&U proposes higher fiscal final dividend

S&U PLC's board recommended a final dividend of 51 pence per ordinary share for its fiscal year ended Jan. 31, up from 45 pence per share in the prior year.

The final dividend, which is subject to approval at S&U's May 23 annual general meeting, will be paid July 12 to shareholders on the register as of June 21. The final dividend comes on top of the interim dividend of 67 pence per share, bringing the total dividend for the year to 118 pence per ordinary share, up from 105 pence per ordinary share a year earlier.

The British motor finance and specialist lending service provider reported preliminary profit attributable to equity holders of about £28.0 million for the fiscal year ended Jan. 31, up from £24.4 million a year earlier. EPS for the year increased on a yearly basis to 232.0 pence from 202.4 pence.

The results for the year to Jan. 31, 2019, were reported under IFRS9 accounting standards, while those for the prior year were under IAS39.