25th Feb 2016 13:59
LONDON (Alliance News) - Personal Group Holdings PLC on Thursday said it has increased its first dividend payout of the year and said its chairman will retire after its annual general meeting.
The employee benefits company said it will pay a 5.50 dividend as its first of 2016, an increase of 5.3% on the level paid out a year earlier and the first of four it will pay this year.
"The board is pleased to announce this increased dividend, which is in line with our progressive dividend policy," said Chief Executive Mark Scanlon.
Chairman Chris Curling intends to retire from his role after the company's annual general meeting in May. He will be replaced by Non-Executive Director Mark Winlow.
Personal will publish its results for 2015 on March 30.
Shares in the company were up 0.4% to 585.00p on Thursday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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