Accuracy Coverage Pricing Help Centre Contact

Equiniti increases its 2018 interim dividend by 11.6%

Investment Tools Ltd.
Equiniti increases its 2018 interim dividend by 11.6%

Equiniti 2018 interim results

Revenue growth of 30.4%, with strong organic growth of 7.7%, supported by:  

o Renewal of all UK registration clients including Carnival, EasyJet, GSK, Prudential and QinetiQ;

o Increased UK market share underpinned by new name business wins including Bodycote, Hiscox, and Low & Bonar;

o 70% of new company listings including Acacia Pharma, Avast, IntegraFin Holdings and KRM 22;

o Major renewals in the US including CVS, General Electric, JP Morgan, 3M and MDU;

o New client wins across all divisions including CNPP, Persimmon and Ulster Bank;

o Strong growth in Intelligent Solutions; and

o Pension Solutions contraction in line with expectations

New capabilities established, including:

o Wells Fargo Shareowner Services (EQ USA) acquisition successfully completed on 1st February with operations transitioned and integration underway;

o Acquisition of Boudicca Proxy completed on 27th April, cross-sold to seven registration clients; and

o Continued traction with estate management including a 'tell us once' pilot for six major UK banks

Underlying EBITDA growth of 31.6% with margin increased to 21.7%, driven by strong performances in Investment Solutions and Intelligent Solutions, and continued operational improvement

Lower reported EBIT of £10.6m with profit after tax of £2.7m reflecting £14.1m of non-operating charges arising from the acquisition of EQ USA

Net debt of £308.3m inclusive of acquisition-related debt and costs of £170.4m with year-on-year leverage maintained at 2.8x

Interim dividend growth of 11.6% to 1.83 pence per share, in line with progressive dividend policy

Companies mentioned

Latest News

Investment Tools Limited

 There has been one cancelled and one reduced dividend today, these are:

Read more
Investment Tools Limited

There has been one cancelled dividend today, this is:

Read more
Investment Tools Limited

There has been one cancelled and one deferred dividend today, these are:

Read more
Investment Tools Limited

There has been one cancelled dividend today, this is:

Read more
Investment Tools Limited

There has been 2 cancelled dividends today, these include:

Read more
Investment Tools Limited

There has been one cancelled dividend today, this is:

Read more
Investment Tools Limited

There has been a number of cancelled and suspended dividends today, these include:

Read more
Investment Tools Limited

The Directors of M Winkworth Plc ("Winkworth" or the "Company") have announced that the Company will pay a dividend of 1.68p per ordinary share for the first quarter of 2020 to shareholders.

Read more
Investment Tools Limited

During 2019 Chesnara continued to deliver strong cash generation, funding the dividend strategy as well as maintaining a robust group solvency ratio. Economic Value increased significantly as a result of favourable economic conditions, despite the impact of a substantive foreign exchange loss due to currency fluctuations.  Prudent financial and operational management has resulted in Chesnara's operations, solvency and dividends all being resilient to the impacts of Covid-19, however the Economic Value will have fallen subsequent to the year end.

Read more
Investment Tools Limited

888, a popular online gaming entertainment and solutions providers, announces that its board of directors has recommended the payment of a final dividend comprising 3.0 cents per share.

Read more
More News