The board of the Manx Financial Group has announced it has approved the introduction of a dividend scheme.

It will provide eligible shareholders with an opportunity to elect either to be issued with new shares instead of a cash dividend or, alternatively, a cash dividend in respect of all dividends for which the scheme is offered.

Jim Mellon, executive chairman, said: ‘I am extremely pleased that Manx Financial Group plc will return to the dividend list after an absence of 15 years.

‘This initiative both expresses the confidence that the board has for the company’s future and also allows us to reward our loyal shareholders with a tangible benefit for their continued support.’

The group is the parent organisation for firms including Conister Bank Limited, Edgewater Associates Limited and Manx FX Limited.