IT and engineering firm Invensys is returning to shareholders 625m pounds of the cash proceeds from its sale of its Rail business to Siemens.
The return will be made through a distribution of 76.7p per share.
Invensys also announced a share consolidation of four new shares for every five existing shares to maintain the market price for shares.
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It will be subject to shareholder approval which will be sought at a general meeting next Monday.
The announcement comes a week after the group recommended a final dividend of 2.85p per share for the full-year to march 31st.
Shares fell 0.30% to 401.50p at 09:12 Tuesday.
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