Bendigo & Adelaide Bank Ltd. raised its final dividend for the fiscal year ended June 30.

The lender declared a final dividend of 35 Australian cents per share, up from the prior fiscal year's final dividend of 34 cents per share.

Together with an interim dividend of 35 cents per share, the bank's total dividend for the fiscal year came to 70 cents per share, up from the previous year's total dividend of 68 cents per share.

The final dividend will be paid Sept. 28 to shareholders on record as of Sept. 4.