The Ninety One Plc board has considered the strength of the balance sheet and the outlook for the remainder of the year. In line with the stated dividend policy, the Board has declared an interim dividend of 5.9p per share after ensuring there is sufficient capital to meet current or expected changes in regulatory capital requirements and investment needs, as well as a reasonable buffer to protect against fluctuations in those requirements. The interim dividend will be paid on 22 December 2023 to shareholders recorded on the UK and South African share registers on 8 December 2023.
Other Financial Highlights:
‒ Challenging market and business conditions.
‒ Closing assets under management decreased by 5% in the six months, to £123.1 billion.
‒ Net outflows of £4.3 billion.
‒ Basic earnings per share decreased by 5% to 8.9 pence and adjusted earnings per share decreased by 9% to 8.2 pence.
‒ Adjusted operating profit margin unchanged at 32.6%.
‒ Competitive long-term investment performance.
‒ Staff shareholding increased to 29.4%.