London Stock Exchange increases its 2017 full year dividend by 19%

DividendMax Ltd.

London Stock Exchange increases its 2017 full year dividend by 19%

Total revenue up 17% to £1,768 million (2016: £1,515 million)

Total income up 18% to £1,955 million (2016: £1,657 million) 

FTSE Russell delivered 33% revenue growth (up 15% on an underlying basis); LCH OTC revenues up 21% (up 17% on an underlying basis)

Adjusted operating expenses up 6% on an organic and constant currency basis reflecting continued investment in growth and efficiency projects

Adjusted operating profit up 18% at £812 million (2016: £686 million); operating profit up 47% at £626 million (2016: £427 million); adjusted EBITDA up 19% at £915 million (2016: £771 million)

Adjusted EPS up 19% at 148.7 pence (2016: 124.7 pence); basic EPS of 153.6 pence (2016: 63.8 pence)

Proposed final dividend increased to 37.2 pence per share - a 19% increase in the full year dividend to 51.6 pence per share - reflecting the strong outlook for the Group

Capital management continues in-line with policy: £200 million share buyback completed; new medium term debt with €1 billion Eurobond issuance to support further growth and leverage reduced to 1.7 times

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