IG Group increases 2013/14 full year dividend by 21.1%

DividendMax Ltd.

IG Group increases 2013/14 full year dividend by 21.1%

Operating and Financial Summary

Good full year results despite a subdued backdrop at the end of the year

Net trading revenue(1) up 2.4% at £370.4 million

Profit before tax up 1.3% to £194.7 million

Diluted EPS up 3.6% at 40.18p

£160.6 million of own funds generated from operations

Final dividend recommended of 22.40p per share; full year dividend up 21.1% to 28.15p

Ordinary dividend payout ratio increased to approximately 70% of earnings

Strong progress on longer-term strategic growth initiatives

Swiss licence application in the final stages and applying to expand into Dubai

Jonathan Davie, Chairman, commented:

"I am delighted to report another record year for the Group. We continue to build on a long history of growth, with profitability having increased every year since our public listing in 2005. 

As part of our aim to become the default choice for active traders, we are now progressing new initiatives, which should have positive long-term benefits for shareholders."

Tim Howkins, Chief Executive, commented:

"This was a good year for IG, with growth in revenue, profit, cash generation and dividends. Importantly, we also made strong progress on our strategic objectives, designed to deliver the next phase of our growth.

We will continue to make significant investments in initiatives, this year and beyond, to deliver sustainable growth into the future."

 

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