Sandon Capital Investments (ASX:SNC) declared its first quarterly fully franked dividend of AU$0.014 per share, according to a Monday filing with the Australian bourse.

The dividend is payable on March 7 to shareholders on record as of Feb. 19.

As previously announced, this represents an increase of the annualized dividend rate to AU$0.056 from AU$0.055.

Sandon Capital's shares were down nearly 1% in recent Monday trade.