Brewin Dolphin increases its 2016 interim dividend by 2.6%

DividendMax Ltd.

Brewin Dolphin increases its 2016 interim dividend by 2.6%

Declaration of Interim Dividend

The Board declares an interim dividend of 3.85p per share. The interim dividend is payable on 17 June 2016 to shareholders on the register at the close of business on 27 May 2016 with an ex-dividend date of 26 May 2016.

David Nicol, Chief Executive, said:

"The first half saw further growth in our core business as well as continued progress towards achieving our long-term strategic goals. Despite challenging market conditions, we maintained recent growth rates in our discretionary business, while also moving firmly to execution stage on many of the growth initiatives we outlined in 2015.

In the current market context, and given the short-term outflows resulting from business restructuring, the first half reflects a creditable performance. The underlying ability of the business to sustain organic growth, despite the poor market environment, is a reminder of the sound footings on which we are building our growth ambitions. The Group is in hiring mode and focused on a balance of direct and intermediary-led growth to increase discretionary funds by a third over the next five years." 

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