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New Zealand's TSB Bank ups final dividend

New Zealand's TSB Bank Ltd. raised its final dividend for the fiscal year ended March 31.

The bank said May 24 that its board declared a final dividend of 36.7 New Zealand cents per share, up from 34.1 cents per share in the prior-year dividend.

Together with an interim dividend of 13.3 cents per share and a special dividend of 50 cents per share, the bank's total dividend for the fiscal year came to NZ$1 per share.

As of May 24, US$1 was equivalent to NZ$1.45.