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Investec hikes dividend as fiscal-year profit rises

Investec intends to pay a final dividend for the year ended March 31 of 13.5 pence per share, up from 13.0 pence per share for the prior fiscal year.

The final dividend will be payable Aug. 13 to shareholders on record July 27. The full-year dividend amounts to 24 pence per share, up from 23.0 pence per share for the previous year that ended March 31, 2017.

Investec, which is registered in the U.K. as Investec PLC and in South Africa as Investec Ltd., reported earnings attributable to shareholders of £505.5 million for the year ended March 31, up from £442.5 million a year earlier.