Paragon increases its 2016 full year dividend by 22.7%

DividendMax Ltd.

Paragon increases its 2016 full year dividend by 22.7%

Financial highlights

Underlying profit rose 9.1% to £146.9 million (2015: £134.7 million) due to organic growth, diversification of income streams, M&A activity and effective capital management

Statutory profit before tax increased by 6.7% to £143.2 million (2015: £134.2 million)

EPS up 14.1% to 40.5p (2015: 35.5p) and underlying RoTE improved to 13.2% (2015: 11.4%) as a result of profit growth and the Group's share buy-back programme

Dividend up 22.7% to 13.5p (2015: 11.0p) reflecting the strong position of the Group and its confidence in the prospects for the business

Further £50.0 million share buy-back programme announced

Companies mentioned