McInerney investors’ dividend boost

INVESTORS in McInerney Holdings plc who have seen the value of their shares increase by 64% this year received a dividend boost yesterday when the company announced a 17% increase in pre-tax profits.

McInerney’s pre-tax profits for the first six months of the year rose by 17% to 8.53m from 7.30m a year earlier, the company said.

Managing director of the home building company Barry O’Connor said the payment for the first time of an interim dividend of 5 cents will be matched in the second half of the year and will compare very favourably with the total dividend of 6.25 cents for all of 2002.