Juridica, a firm which provides strategic capital to businesses and legal markets, has announced a special dividend of 7p per share.
The decision arose from a number of successes during 2011, when it received gross cash proceeds during 2011 totaling around $17m, resulting in cash profits of around $12.3m. The proceeds are the result of seven different legal cases.
A case involving one of the company's larger investments was expected to reach an important milestone by year-end. However, this case is not yet completed and proceedings in the case are continuing, the firm said. Further developments are expected in this case in the first quarter of 2012.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
The share price rose 3.31% to 93.5p by 13:00PM.
Should your business invest in a VoIP phone service?
Here's what you need to know about VOIP (voice over IP) services before landlines go digital in 2025.
By David Prosser Published
M&S is back in fashion: but how long can this success last?
M&S has exceeded expectations in the past few years, but can it keep up the momentum?
By Rupert Hargreaves Published