Close Brothers increases its 2015 full year dividend by 9%

DividendMax Ltd.

Close Brothers increases its 2015 full year dividend by 9%

Another Year of Strong Performance

The group delivered another year of strong performance with adjusted operating profit up 16% to £224.9 million and adjusted basic earnings per share up 19% to 120.5p

Continued good performance in the Banking division with adjusted operating profit 15% higher at £208.7 million, 8.5% loan book growth to £5.7 billion and an improved bad debt ratio of 0.8%

Winterflood delivered adjusted operating profit of £24.6 million as market conditions improved in the second half

Good progress in Asset Management with total client assets up 11% to £10.8 billion and adjusted operating profit of £17.8 million, including £4.4 million from our former private equity business

Full year dividend per share up 9% to 53.5p in line with our progressive dividend policy and commitment to sustainable growth in shareholder returns

Strong return on opening equity of 19.5% and common equity tier 1 capital ratio improved to 13.7%

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