Stewart & Wight declares divi, confirms property sale

Stewart & Wight has declared an interim dividend of 10p per ordinary 5p share in respect of the year ended 31 March 2017, payable on 4 April 2017 to all shareholders on the register on 3 March 2017.

The shares will go ex-div on 2 March 2017. The Company also confirmed the sale of its property at 22 Thoroughfare, Woodbridge for £716,000, less expenses.

It said the property had been valued at £600,000 on 30 September 2016.

The proceeds of sale will used to reduce bank borrowings and to invest in further properties when the opportunity arose.

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