Montanaro UK Smaller Companies Investment Trust PLC announced a final dividend of £10.50 per ordinary share when compared to £10.00 in 2016, is proposed for the year ended 31 March 2017. If this dividend is approved by shareholders at the AGM to be held on July 17, 2017, it will be paid on 2 August 2017 to shareholders on the register at close of business on 7 July 2017. Ex-dividend is July 6, 2017.

The company announced audited earnings results for the year ended March 31, 2017. For the year, the company reported total gains on investments at fair value were £22,299,000 against £2,779,000 a year ago. Net return before finance costs and taxation was £24,561,000 against £5,717,000 a year ago. Net return before taxation was £23,789,000 against £4,968,000 a year ago. Net return after taxation was £23,779,000 against £4,965,000 a year ago. Return per ordinary share was 71.0 pence against 14.8 pence a year ago. Net asset value per ordinary share was 631.6 pence as on March 31, 2017 compared to 570.6 pence as on March 31, 2016.