Fidessa increases its 2016 full year dividend by 11%

DividendMax Ltd.

Fidessa increases its 2016 full year dividend by 11%

Highlights for the period ended 31st December 2016:

Solid revenue growth across all regions.

Good international spread providing stability against uncertainty following the Brexit vote and the US election.

64% of total revenue accounted for outside of Europe, with 73% denominated in non-sterling currency.

Increasing opportunities for new Fidessa services.

Derivatives programme continuing to build momentum.

Recurring revenue representing 87% of total revenue.

Strong cash generation, with £95.2 million cash balance after dividend payments of £32.5 million.

Final and special dividends declared, bringing the total 2016 payout to 92.5 pence per share.

Companies mentioned