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Milton targets blue chip dividend growth

Investors of fifty seven-year old listed investment company Milton Corporation will pocket interim dividends of 8.5¢ per share - a 3.7 per cent rise from 2014 thanks to a lift in underlying profits.

Investors of 57-year old listed investment company Milton Corporation will pocket interim dividends of 8.5¢ a share, a 3.7 per cent rise from 2014, thanks to a lift in underlying profits.

Milton, which has a market valuation of $2.9 billion, reported a 7.7 per cent rise in profits to $66 million for the half-year to December.

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Ruth Liew writes on business specialising in Insurance, wealth management and financial services. Ruth is based in our Sydney newsroom. Connect with Ruth on Twitter.

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    Original URL: https://www.afr.com/companies/financial-services/milton-targets-blue-chip-dividend-growth-20150122-12vdcd