At 31 March 2021 the Premier Miton Group held £34.4 million in cash (2020 HY: £29.3 million). The Group has no debt.
Dividends totalling £6.7 million were paid in the period (2020 HY: £10.6 million).
The Board is recommending an interim dividend payment of 3.7p per share (2020 HY: 2.5p interim dividends). The interim dividend will be paid on 13 August 2021 to shareholders on the register at the close of business on 23 July 2021.
The Group seeks to maintain a dividend policy that targets an ordinary dividend pay-out of approximately 50 to 65% of profit after tax, adjusted for exceptional costs, share-based payments and amortisation.
Other financial highlights include:
£12.6 billion closing Assets under Management ('AuM') (2020 HY: £9.1 billion)
£13.1 billion closing AuM as at 30 April 2021
Net inflows of £359 million in the Period (2020 HY: £(389) million outflows)
74% of funds have above median investment performance since launch or tenure
Adjusted profit before tax of £11.9 million (2020 HY: £12.2 million)
Profit before tax of £6.2 million (2020 HY: £5.3 million)