The TP ICAP Group plc Board has recommended a final dividend per share of 5.5 pence, bringing the total full year dividend to 9.5 pence per share, in line with their dividend policy of 2 times cover on adjusted post-tax earnings (2020: 6.0 pence per share (rebased to take into account the bonus element of the rights issue completed in February 2021)).
Other financial highlights include:
Revenue of £1,865m (up 8%)
Excluding Liquidnet's post-acquisition revenue of £159m (23 March 2021 onwards), revenue was 1% lower than the prior year
Global Broking revenue declined 2% following lower wholesale trading volumes across asset classes. Energy & Commodities revenue decreased 1%.
Agency Execution revenue increased 180%. Excluding Liquidnet, revenue declined 1%.
Reported EBIT margin was 4.2%pts lower
