Schroders announce maintained total dividend of 114p per share

DividendMax Ltd.

Schroders announce maintained total dividend of 114p per share

The Board will recommend to shareholders at the Annual General Meeting a final dividend of 79.0 pence (2018: 79.0 pence), which is unchanged from 2018. This will bring the total dividend for the year to 114.0 pence (2018: 114.0 pence). The final dividend will be paid on 7 May 2020 to shareholders on the register at 27 March 2020.

Other financial highlights include:

- delivered resilient results in 2019, despite the challenging market backdrop. Profit before tax and exceptional items was £701.2 million.

- made significant progress towards their strategic objectives, with strong growth in Wealth Management, Private Assets & Alternatives and Solutions businesses.

- generated total net new business of £43.4 billion, with positive net inflows across all asset classes as the first tranches of the Scottish Widows mandate were transferred to Schroders.

- Assets under management increased 23% to close at a new high of £500.2 billion, although the results were impacted by average assets being up only 2% as net inflows funded late in the year and markets only strongly rose through the fourth quarter.

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