Accuracy Coverage Pricing Help Centre Contact

Ashmore Group have announced their interim dividend per share has been increased 5% to 4.80 pence

Investment Tools Ltd.
Ashmore Group have announced their interim dividend per share has been increased 5% to 4.80 pence

The Ashmore plc Board intends to pay a progressive ordinary dividend over time, taking into consideration factors such as the prospects for the Group's earnings, demands on the Group's financial resources, and the markets in which the Group operates.

Accordingly, the Board has determined that an interim dividend of 4.80 pence per share (H1 2018/19: 4.55 pence per share) will be paid on 30 March 2020 to all shareholders on the register on 6 March 2020.

Other financial highlights include:

- Assets under management (AuM) increased 28% YoY and 7% over the period to US$98.4 billion

- Diversified net inflows of US$5.7 billion and positive investment performance of US$0.9 billion

- Active management continues to deliver long-term outperformance

- 75% of AuM outperforming benchmarks over three years and 98% over five years

- 24% outperforming over one year, reflecting combination of market volatility and adding risk at attractive price levels in line with Ashmore's disciplined investment approach

- Progress across all three phases of Ashmore's long-term growth strategy

- Higher allocations: new and existing clients increasing allocations to Emerging Markets

- Diversification: delivering outperformance in global equities products and generating client flows

- Mobilise Emerging Markets capital: Ashmore Indonesia listed at premium valuation

- Strong operating and financial performance

- Adjusted net revenue growth of 20% driven by 18% increase in net management fees

- Adjusted EBITDA increased 24% to £122.5 million, delivering an adjusted EBITDA margin of 69%

- Seed capital return of £8.4 million

- Profit before tax of £132.4 million, 42% higher than prior year

- Diluted EPS increased 56% to 15.8p reflecting operational performance, seed capital profit and lower effective tax rate

Companies mentioned

Latest News

Investment Tools Limited

Target Healthcare announce a second interim dividend of 1.67 pence per share declared for the year ending 30 June 2020, representing an increase of 1.5% on the 2019 quarterly dividends. On an annualised basis, this reflects a payment of 6.68 pence per share and a dividend yield of 5.5% based on the closing share price of 122.5 pence on 5 February 2020.

Read more
Investment Tools Limited

The Beazley board announces a second interim dividend of 8.2p per ordinary share, in line with their strategy of delivering 5-10% dividend growth. Together with the first interim dividend of 4.1p this takes the total dividends declared for 2019 to 12.3p per ordinary share (2018: first interim dividend of 3.9p plus a second interim dividend of 7.8p, totalling 11.7p).

Read more
Investment Tools Limited

The Ashmore plc Board intends to pay a progressive ordinary dividend over time, taking into consideration factors such as the prospects for the Group's earnings, demands on the Group's financial resources, and the markets in which the Group operates.

Read more
Investment Tools Limited

Redrow have declared an interim dividend of 10.5p, up 5% on the previous year. A dividend of £72m was paid in the six months to 31 December 2019 (six months to 31 December 2018: £70m).

Read more
Investment Tools Limited

The Smurfit Kappa Board is recommending a final dividend of 80.9 cent per share, a 12% increase year-on-year. It is proposed to pay the final dividend on 15 May 2020 to shareholders registered at the close of business on 17 April 2020.

Read more
Investment Tools Limited

Barratt Developments have a defined dividend policy with the Group paying an ordinary dividend cover of 2.5 times. They have previously announced that when market conditions allow, ordinary dividends will be supplemented with special returns. As previously announced the Board intends to pay a special return of £175m in November 2020. Demonstrating the Board's confidence in the business going forward, it now proposes to pay a further special return of £175m in November 2021.

Read more
Investment Tools Limited

The GCP Student Living Board has announced a first interim dividend of 1.58 pence per ordinary share, in respect of the quarter ended 31 December 2019. The dividend will be paid on 9 March 2020 to ordinary shareholders on the register at 14 February 2020. The dividend will be paid as 1.42 pence per ordinary share as a REIT property income distribution ("PID") in respect of the Group's tax-exempt property rental business and 0.16 pence per ordinary share as an ordinary UK dividend ("non-PID").

Read more
Investment Tools Limited

The St. Modwen Properties dividend policy is aligned to cash profitability and they intend to pay a dividend equivalent to c. 50% of adjusted EPRA EPS per year. Reflecting this, they will pay a final dividend of 5.1 pence per share, to be paid on 3 April 2020 to shareholders on the register as at 6 March 2020. This brings the total dividend for the year to 8.7 pence, marking an increase of 22.5% versus last year (2018: 7.1 pence).NAV per share up 3.0% to 484.2 pence (2018: 470.2 pence) despite 7.8 pence exceptional provision.

Read more
Investment Tools Limited

Micro Focus proposes a final dividend of 58.33 cents, taking total dividend per share to 116.66 cents for the period. The Group's dividend policy remains unchanged at two times covered by the adjusted earnings of the company, of which one third will be paid as interim and two thirds as final. 

Read more
Investment Tools Limited

BP today announced a quarterly dividend of 10.5 cents per ordinary share ($0.63 per ADS), which is expected to be paid on 27 March 2020. The corresponding amount in sterling will be announced on 16 March 2020.

Read more
More News