City of London Investment Group plc announced that following on from last year's 1 pence increase in the total dividend for the year to June 2017 and the 1 pence increase for this year's interim dividend, company’s board is recommending a further 1 pence increase for the final to 18 pence per share against 17 pence a year ago bringing the total for the year to 27 pence against 25 pence a year ago, for dividend cover of 1.47 times against 1.46 times a year ago. This is in line with company board's well-established policy of targeting a 1.2 times dividend cover over a rolling 5 year period taking into account years during that period when cover was well below 1.2 times. Payable on October 30, 2018 to shareholders on the register on October 12, 2018.