Dividend hike at MP Evans

    M.P. Evans

    Shareholders in MP Evans received a boost to their dividend following the successful divestiture of its Australian cattle holdings.

    The Tunbridge Wells-based AIM listed-company, which primarily focuses on palm oil production in Asia, sold its 34.37 per cent stake in NAPCo for £62million.

    Part of the proceeds of the sale will go towards paying a special dividend of five pence per share on August 17.

    Commenting on the transaction, MP Evans’ Chairman Peter Hadsley-Chaplin said: “The sale of NAPCo and consequent exit by MP Evans from Australia represents an important landmark in the group’s history.”