Dividend hike at MP Evans

Knowledge Economy

Shareholders in MP Evans received a boost to their dividend following the successful divestiture of its Australian cattle holdings.

The Tunbridge Wells-based AIM listed-company, which primarily focuses on palm oil production in Asia, sold its 34.37 per cent stake in NAPCo for £62million.

Part of the proceeds of the sale will go towards paying a special dividend of five pence per share on August 17.

Commenting on the transaction, MP Evans’ Chairman Peter Hadsley-Chaplin said: “The sale of NAPCo and consequent exit by MP Evans from Australia represents an important landmark in the group’s history.”

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