Melrose raises its dividend

Joseph Millis
Shareholders in Melrose Industries have been rewarded with a healthy dividend increase despite taking a hit from cur­rency headwinds last year.

The UK engineering turnaround specialist has proposed a final dividend of 5.3p a share, taking the full-year payout to 8.1p, a five per cent increase on the previous year.

It unveiled an 11 per cent increase in its “headline” pre-tax profit of £213m.