Plus500 has continued to offer attractive returns for shareholders, returning since its IPO in 2013 a total of $1,196.4m to shareholders (of which $1,008.2m has been in cash dividends and $188.2m has been through share buybacks). This includes all dividends and the share buyback programmes in relation to FY 2020.
The Board announces today a total distribution of dividend and share buyback of $110.0m, in addition to the total shareholder return for H1 2020 of $168.3m.
The new shareholder return includes a final dividend for the year ended 31 December 2020 of $55.6m, representing $0.5422 per share (final dividend 2019: $0.3767 per share) and a special dividend for the year ended 31 December 2020 of $29.4m, representing $0.2870 per share. Both dividends have an ex-dividend date of 25 February 2021, with a record date of 26 February 2021, and a payment date of 12 July 2021. This makes a total dividend for the year of $186.0m, representing $1.7823 per share (total dividend for 2019: $0.6501 per share).
Other financial highlights include:
Special dividend of $29.4m, $0.2870 per share
- Total revenue up 146% to $872.5m, with Customer Income, a key growth metric, up 161% to $997.5m
- EBITDA up 168% to $515.9m
- Operating cash conversion of 106%, leading to 103% increase in cash balances to $593.9m