An interim dividend of 27.0p per share was declared by Rathbone Brothers PLC on 27 July 2021 and is payable on 5 October 2021 to shareholders on the register at the close of business on 3 September 2021 (30 June 2020: 25.0p). In accordance with IFRS, the interim dividend has not been included as a liability in this interim statement. A final dividend for 2020 of 47.0p per share was paid on 11 May 2021.
Other financial highlights include:
- Total funds under management and administration reached £59.2 billion at 30 June 2021, up 8.2% from £54.7 billion at 31 December 2020 (30 June 2020: £49.4 billion). The MSCI PIMFA Private Investor Balanced Index increased 6.0% over the six-month period to 30 June 2021.
- £47.8 billion in the Investment Management business (30 June 2020: £41.4 billion).
- £11.4 billion in the Funds business (30 June 2020: £8.0 billion).
- Total net inflows in Investment Management were £0.5 billion in the first six months of 2021 (30 June 2020: £0.8 billion). Net organic inflows in the first half of the year totalled £0.4 billion (30 June 2020: £0.3 billion) and purchased inflows totalled £0.1 billion (30 June 2020: £0.5 billion, reflecting the acquisition of Barclays Wealth's Personal Injury and Court of Protection business).
- Net inflows in their Funds business were £1.0 billion in the first half of 2021 (30 June 2020: £0.6 billion).
- Profit before tax for the six months to 30 June 2021 of £48.8 million (30 June 2020: £27.3 million). Basic earnings per share totalled 69.9p (30 June 2020: 36.1p).
- Operating income totalled £213.5 million in the first half of 2021, 19.3% ahead of the prior year (30 June 2020: £179.0 million).
- Income in Investment Management totalled £184.8 million in the first six months of 2021, an increase of 16.4% on the prior period (30 June 2020: £158.7 million).
- Income in their funds business totalled £28.7 million in the six months ended 30 June 2021, an increase of 41.4% on the £20.3 million reported in the first half of 2020.
- Underlying profit before tax totalled £62.9 million in the first six months of 2021 (30 June 2020: £46.0 million). Underlying earnings per share totalled 92.5p (30 June 2020: 67.5p).
- Underlying operating margin of 29.4% in the six months ended 30 June 2021 (30 June 2020: 25.7%; 31 December 2020: 25.3%).
