TP ICAP announce a proposed maintained dividend remaining at 16.85p

DividendMax Ltd.

TP ICAP announce a proposed maintained dividend remaining at 16.85p

The Board declared an interim dividend of 5.6 pence per share paid on 8 November 2019 and is recommending a final dividend of 11.25 pence per share to be paid on 19 May 2020 (with a record date of 3 April 2020).

Other financial highlights include:

Group revenue of £1,833m grew 4% on a reported basis (1% at constant currency).

Group improved underlying and reported operating profitability.

Global Broking revenue decreased 1% on a reported basis (3% at constant currency), as resilient Rates were offset by weaker Credit and Equities businesses. 

Energy & Commodities revenue increased 15% on a reported basis (11% at constant currency) with strong organic growth, strategic hires, Axiom acquisition and favourable markets.

Institutional Services revenue increased 23% on a reported basis (21% at constant currency).

Data & Analytics revenue increased 15% on a reported basis (11% at constant currency).

Companies mentioned