Old Mutual increases its 2014 full year dividend by 7%

DividendMax Ltd.

Old Mutual increases its 2014 full year dividend by 7%

Financial performance

·      Adjusted operating profit (AOP) of  £1.6 billion up 16% in constant currency, flat in reported currency

·      AOP earnings per share 17.9p up 13% in constant currency, down 3% in reported currency

·      Final dividend of 6.25p up 4%, with a total dividend of 8.7p up 7%

·      Net client cash flow of £4.9 billion

·      FUM at £319.4 billion up 6% in constant currency, 9% in reported currency

·      £653 million net free surplus generated

·      Group ROE 13.3%, within target range of 12-15%

·      The Group has appropriate and resilient levels of capital, liquidity and leverage

Companies mentioned