Accuracy Coverage Pricing Help Centre Contact

Polar Capital holdings maintains its 2015 full year dividend at 25p

Investment Tools Ltd.
Polar Capital holdings maintains its 2015 full year dividend at 25p

Highlights

• Assets under Management ('AUM') at 31 March 2015 US$12.3bn (2014: US$13.2bn)

• Core operating profit excluding performance fees up 13% to £27.7m (2014: £24.6m)

• Profit before share-based payments £33.7m (2014: £34.2m)

• Pre-tax profit £31.1m (2014: £32.7m)

• Basic earnings per share 27.46p (2014: 30.78p) and adjusted* diluted earnings per share 28.12p (2014: 29.04p)

• Dividends for the year 25.0p per share (2014: 25.0p) including a second interim dividend of 19.5p per ordinary share to be paid on 17 July 2015 to shareholders on the register on 3 July 2015

• Shareholders' funds £75.2m (2014: £74.2m) including a strong cash position

• Addition of two new managers over the period resulting in the launch of the Polar Capital UK Absolute Equity UCITS fund in September 2014 and a long only UCITS Pan European Income fund in October 2014

• Current AUM as at 29 May 2015 of US$ 12.6bn

 

Tim Woolley, Chief Executive Officer, commented:

"This was our first financial year since the banking crisis in which we did not grow our AuM, which fell to $12.3bn from $13.2bn at the start of the year. We experienced inflows into a wide range of funds but we saw significant redemptions from our main Japan fund having had remarkable and unprecedented inflows in the previous year. We are though far from downbeat as the Company enters the new fiscal year and the opportunity ahead of us remains exciting and significant."

Companies mentioned

Latest News

Investment Tools Limited

RPS Group have announced a proposed final dividend of 2.00p (FY 2018: 5.08p) providing full year dividend of 4.42p (FY 2018: 9.88p). This follows the rebasing of the dividend announced at H1 2019 and reflects the stated new, sustainable dividend policy of paying out 40% of adjusted earnings.

Read more
Investment Tools Limited

The HSBC Board has announced that the Group's capital strength, has given the Board the confidence to approve an unchanged dividend of $0.51 for 2019.

Read more
Investment Tools Limited

Final proposed dividend up 19% at 2.335 cents per share ($12.0 million) bringing the full-year total dividend to $22.2 million (2018: $20.0 million)

Read more
Investment Tools Limited

The BHP Board has determined to pay an additional amount of 14 US cents per share or US$0.7 billion, taking the interim dividend to 65 US cents per share or US$3.3 billion. This is the second highest ordinary dividend announced and is equivalent to a 63 per cent payout ratio (31 December 2018: 75 per cent).

Read more
Investment Tools Limited

The Ashmore plc Board intends to pay a progressive ordinary dividend over time, taking into consideration factors such as the prospects for the Group's earnings, demands on the Group's financial resources, and the markets in which the Group operates.

Read more
Investment Tools Limited

The Beazley board announces a second interim dividend of 8.2p per ordinary share, in line with their strategy of delivering 5-10% dividend growth. Together with the first interim dividend of 4.1p this takes the total dividends declared for 2019 to 12.3p per ordinary share (2018: first interim dividend of 3.9p plus a second interim dividend of 7.8p, totalling 11.7p).

Read more
Investment Tools Limited

Target Healthcare announce a second interim dividend of 1.67 pence per share declared for the year ending 30 June 2020, representing an increase of 1.5% on the 2019 quarterly dividends. On an annualised basis, this reflects a payment of 6.68 pence per share and a dividend yield of 5.5% based on the closing share price of 122.5 pence on 5 February 2020.

Read more
Investment Tools Limited

Redrow have declared an interim dividend of 10.5p, up 5% on the previous year. A dividend of £72m was paid in the six months to 31 December 2019 (six months to 31 December 2018: £70m).

Read more
Investment Tools Limited

Barratt Developments have a defined dividend policy with the Group paying an ordinary dividend cover of 2.5 times. They have previously announced that when market conditions allow, ordinary dividends will be supplemented with special returns. As previously announced the Board intends to pay a special return of £175m in November 2020. Demonstrating the Board's confidence in the business going forward, it now proposes to pay a further special return of £175m in November 2021.

Read more
Investment Tools Limited

The Smurfit Kappa Board is recommending a final dividend of 80.9 cent per share, a 12% increase year-on-year. It is proposed to pay the final dividend on 15 May 2020 to shareholders registered at the close of business on 17 April 2020.

Read more
More News