Origin recommends 36% rise in dividend

Agri-services group, Origin Enterprises has recommended a 36.4% increase in annual dividend, for its shareholders, on the back of a strong set of full-year financial results.

The Dublin-headquartered business — which is more than 71% controlled by Irish-Swiss baked goods giant, Arzyta — is recommending, to shareholders, a full-year dividend payment of 15c per share for the 12 months to the end of July. This would be up on the 11c paid out for the preceding financial year.

Origin, yesterday, reported pre-tax profits of just over €76.2 million for its latest fiscal year; up by 8.4% on the €70.31m profit recorded for the 12 months to the end of July 2011.