Util Share News (UTL)

(ShareCast News) - A director at Utilico Investment increased his stake in the group one day after it announced the payment of an interim dividend for the fourth quarter of the financial year.Peter Burrows bought 450,000 new shares for an individual price of 116p, spending a total of £0.52m in the transaction.The independent director and member of the audit committee now holds 532,742 shares in the investments company.Utilico said on Tuesday it declared a fourth quarterly dividend of 1.875p per share, which will be paid in September.Top Director BuysUtilico Investments Ltd (DI) (UTL) Director name: Mr Peter BurrowsAmount purchased: 450,000 @ 116.00p Value: £522,000Fidelity China Special Situations (FCSS) Director name: Ms Elisabeth ScottAmount purchased: 7,500 @ 135.02p Value: £10,127Top Director SellsHogg Robinson Group (HRG) Director name: Mr David RadcliffeAmount sold: 608,827 @ 66.00p Value: £401,826