The Quilter PLC Board has declared an interim dividend for 2021 of 1.7 pence per share at a total cost of £28 million. The interim dividend will be paid on 20 September 2021 to shareholders on the UK and South African share registers on 3 September 2021. For shareholders on their South African share register an interim dividend of 34.88104 South African cents per share will be paid on 20 September 2021, using an exchange rate of 20.51826.
Other financial highlights include:
Net Client Cash Flow ("NCCF") of £2.5 billion increased 127% on the prior period (H1 2020: £1.1 billion) representing 4% of opening Assets under Management and Administration ("AuMA").
Adjusted profit before tax increased 20% to £85 million (H1 2020: £71 million) of which £29 million (H1 2020: £24 million) from Quilter International.
Operating margin of 24% (H1 2020: 21%) despite absorbing cost headwinds from higher regulatory costs and levies, and an unwind of prior year tactical cost savings.
IFRS profit after tax of £20 million (H1 2020: £43 million).
Adjusted diluted earnings per share of 5.0 pence, of which 1.7 pence is in respect of Quilter International (H1 2020: 3.5 pence, of which 1.3 pence was in respect of Quilter International).
Total AuMA up 7% to £126.6 billion at 30 June 2021 (31 December 2020: £117.8 billion).
Regulatory approval granted for final £100 million share buyback of £375 million capital return programme with this expected to commence in early September 2021, shortly after completion of current tranche.