Hargreaves Lansdown announces an interim dividend up 6% to 11.9 pence per share (H1 2020: 11.2p)

DividendMax Ltd.

Hargreaves Lansdown announces an interim dividend up 6% to 11.9 pence per share (H1 2020: 11.2p)

The Hargreaves Lansdown Board believes the Group has strong profitability, liquidity and a capital position to execute its strategy without financial constraint and to operate a sustainable and progressive ordinary dividend policy. They remain confident in our business model and the Board has declared a 6% rise in the interim dividend to 11.9 pence per share. The Board remains committed to paying special dividends when sufficient excess cash and capital exist after taking account of the Group's growth, investment and regulatory capital requirements at the time

Other financial highlights include:

Net new business of £3.2 billion.

Assets under administration up 16% since 31 December 2019 to £120.6 billion. 

1,496,000 active clients, an increase of 84,000 since 30 June 2020.

Profit before tax increase of 10% to £188.4 million (H1 2020: £171.1m).

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