Baillie Gifford Scottish American Investment Company PLC proposed a final dividend of 2.40 pence, making a total of 9.45 pence for the year as a whole, will be paid on April 13, 2012 to all shareholders on the register at the close of business on March 9, 2012. The ex-dividend date is March 7, 2012. The company's Registrar offers a Dividend Reinvestment Plan and the final date for elections for reinvestment of this dividend is March 21, 2012. A dividend of 9.45 pence per share for 2011 represents an increase on the prior year of 2.2%. The company also announced earnings guidance for the year 2012. For the period, the company expects revenue account to show further improvement during 2012 and are hopeful that the year ahead will see a return to real growth in dividend. The company also announced that the resignation of David Price from the Board after the forthcoming AGM.