Brewin Dolphin increases 2013 final dividend by 40% and full year dividend by 20%

DividendMax Ltd.

Brewin Dolphin increases 2013 final dividend by 40% and full year dividend by 20%

Highlights

 

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Total managed funds £28.2bn at 29 September 2013 (30 September 2012: £25.9bn).

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Strong growth in discretionary funds £21.3bn at 29 September 2013 (30 September 2012: £18.2bn).

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Total adjusted income £283.7m (30 September 2012: £260.4m), an increase of 9%.

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Adjusted profit before tax £52.3m (30 September 2012: £42.9m), an increase of 22%.

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Adjusted earnings per share:



Basic earnings per share 15.8p (30 September 2012: 13.2p) an increase of 19.7%.



Diluted earnings per share 14.9p (30 September 2012: 12.5p) an increase of 19.2%.

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Total income £283.7m (30 September 2012: £269.5m) an increase of 5.3%.

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Profit before tax £28.6m (30 September 2012: £29.9m).

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Earnings per share:



Basic earnings per share 8.5p (30 September 2012: 9.1p).



Diluted earnings per share 8.0p (30 September 2012: 8.6p) 

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Final dividend increased by 40% to 5.05p, full year dividend increased by 20% to 8.6p 

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The Board is implementing a new dividend policy from 2014 based on a target dividend payout ratio of 60%-80% of adjusted EPS.

 

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