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Miton Group ups dividend as FY'17 profit rises

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Miton Group ups dividend as FY'17 profit rises

British asset manager Miton Group Plc proposed a dividend for 2017 of 1.40 pence per share, up from 1.00 pence per share a year ago, as profit attributable to equity holders of the parent increased to £5.0 million from £3.2 million in 2016.

The dividend will be paid May 11 to shareholders on the register at close of business April 3.

Miton Group's AUM as of 2017-end amounted to £3.82 billion, up 32% from £2.91 billion at 2016-end.