The IG Board recommends a final dividend of 30.24 pence per share, taking the full year dividend for FY20 to 43.2 pence per share (FY19: 43.2 pence), in line with previous guidance. The final dividend, if approved by shareholders, will be paid on 22 October 2020 to those members on the register at the close of business on 25 September 2020.
Capital, funding, and liquidity remain very strong, supporting further investment in growth and the dividend payment. The Board reiterates its intention to maintain the 43.2 pence per share annual cash dividend until the Group's earnings allow for progressive dividends.
Other financial highlights include:
o Full year net trading revenue grew 36% to £649.2 million (FY19: £476.9 million) with profit before tax increasing 52% to £295.9 million (FY19: £194.3 million)
o Net trading revenue in Q1-Q3 FY20 increased 9% to £389.7 million (Q1-Q3 FY19: £359.0 million) and Q4 FY20 revenue more than doubled year on year to £259.5 million (Q4 FY19: £117.9 million)
o Active clients grew 34% to 239,600 (FY19:178,500), with 96,900 new clients onboarded in FY20