Hargreaves Lansdown increases its 2015 interim dividend by 4%

DividendMax Ltd.

Hargreaves Lansdown increases its 2015 interim dividend by 4%

Highlights

Continued growth, with assets under administration at record levels (up 4.7% since 30 June 2014 to £49.1 bn).

Total net business inflows for the 6 months of £2.25 billion (H1 2014: £2.80bn). 

Strong new business performance in a sluggish retail environment where UK Net Retail Fund Sales fell 34%1 and the FTSE All Share index fell 1.9%.

Continued growth in active client numbers, now 675,000, an increase of 23,000 since 30 June 2014 (H1 2014: 77,000, H1 2014 excluding new clients from Royal Mail share offer: 45,000).

Both client and asset retention remained excellent at 93.1% (H1 2014: 93.3% and 92.3% respectively). Client satisfaction also remains high at 94.4%.

Interim dividend up 4% to 7.3 pence per share (H1 2014: 7.0p)

"In a muted 6 months for both stock markets and retail investing, Hargreaves Lansdown has managed to buck the trend with £2.25 billion of net new assets and further growth in clients to 675,000. We now look forward to the important tax year end period, and the introduction of exciting new pension freedoms on 6 April 2015."

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