The IG Group Board intends to recommend an interim dividend of 12.96 pence per share. The dividend will be paid on 25 February 2021 to those shareholders on the register at the close of business on 29 January 2021.
Other financial highlights include:
- A record performance in H1 FY21
- Net trading revenue up 67% to £416.9 million (H1 FY20: £249.9 million)
- Profit before tax increased 129% to £231.3 million (H1 FY20: £101.2 million)
- Active clients rose 55% to 238,600 (H1 FY20: 154,000), 64,000 new clients onboarded (H1 FY20: 28,800)
- New client retention rates are comparable to historical averages
- Capital, funding, and liquidity remain very strong with regulatory capital resources of £712.3 million (31 May 2020: £675.5 million)
- Excellent progress in executing the growth strategy:
- Revenue of £340.6 million in Core Markets (H1 FY20: £209.9 million), up 62%
- Revenue of £76.3 million in Significant Opportunities (H1 FY20: £40.0 million), up £36.3 million
- Successfully served a substantially larger client base and handled sharply elevated trading volumes, brought about by the dedication of our people and resilience of our platform, made possible by the continued investment in both
- Announced the landmark acquisition of tastytrade, a transaction that expands and diversifies IG's growth drivers into US options and futures, through entry into the largest listed derivatives market in the world
- Continued support of the Company's broader communities through Group-wide environmental, social and governance (ESG) activities:
- Distributed £2 million of IG's Brighter Future fund to selected charities to improve the educational opportunities for disadvantaged children across the world through the Teach for All network
- Distributed a further £1 million from the fund to selected charities in need of Covid-19 pandemic relief
