Alongside the interim dividend of 3p Premier Miton Group Plc have decided to recommend a final dividend of 3p, bringing the total dividend for the year to 6p, equal to approximately 68% of adjusted EPS of 8.8p.
Other financial highlights include:
£9.8 billion closing Assets under Management ('AuM') (2022: £10.6 billion)
Strong investment performance with 73% of funds in the first or second quartile of their respective sectors since launch or fund manager tenure
Net outflows of £1,147 million for the year (2022: £1,076 million outflow)
Adjusted profit before tax 1,4 of £15.7 million (2022: £24.3 million)
Adjusted earnings per share 2,4 of 8.80 pence (2022: 13.79 pence)
Profit before tax 3 of £5.9 million (2022: £14.9 million)
Cash balances were £37.9 million at 30 September 2023 (2022: £45.8 million)
Significant continued investment in fund management and distribution talent to help create a modern, active asset management business positioned for future growth
