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S & U to pay higher dividend for year ended Jan. 31

S & U Plc's board recommended a final dividend of 39 pence per share for the year ended Jan. 31, up from 33 pence per share a year ago.

Pending approval at the company's May 18 annual general meeting, the dividend will be paid July 7 to shareholders on the register at June 16.

Total dividends for the year will be 91 pence per share, up from 76 pence per share a year earlier.

S & U reported consolidated net profit attributable to equity holders of £20.3 million for the year ended Jan. 31, down from £69.2 million a year ago.