Australia-based Diversified United Investment Ltd. raised its total dividend for the fiscal year ended June 30.

The company's board declared a fully franked final dividend of 8.5 Australian cents per share, at par with the prior fiscal year's final dividend.

Together with an interim dividend of 7 cents per share, the company's total dividend for the fiscal year came to 15.5 cents per share, up from the prior fiscal year's total dividend of 15 cents per share.

The final dividend is payable on Sept. 20 to shareholders on record as of Sept. 3.