Mortgage Advice Bureau increases its 2016 full year dividend by 27%

DividendMax Ltd.

Mortgage Advice Bureau increases its 2016 full year dividend by 27%

Financial highlights

Revenue up 23% to £92.8m (2015: £75.5m)

Gross margin broadly maintained at 23.9% (2015: 24.2%)

Profit before exceptional gain1 and tax up 20% to £12.5m (2015: £10.4m)

Profit margin before exceptional gain1 and tax of 13.5% (2015:13.8%)

Eighth consecutive year of strong revenue and profit growth

High operating profit to cash conversion2 of 128% (2015: 112%)

EPS before exceptional gain1 of 20.3p up 18% (2015: 17.2p)

Proposed final dividend of 10.5p making a total dividend (excluding special dividends) of 18.3p, up 27%, for 2016 (payout ratio of 90%)

Paid special dividends of 5.35p following the sale of stake in Capital Private Finance Limited for £2.7m

Strong financial position with significant surplus on regulatory capital

Total cash balances of £18.7m (2015: £14.0m)

Unrestricted cash balances of £10.8m (2015: £8.2m)

Companies mentioned