Man Group's ordinary dividend policy is progressive, taking into account the growth in the firm's overall earnings. The firm first takes into account required capital and potential strategic opportunities and maintains a prudent balance sheet. Their policy is to then distribute available capital to shareholders over time by way of higher dividend payments and/or share repurchases. While the Board considers dividends as the primary method of returning capital to shareholders, it will continue to execute share buybacks when advantageous.
In line with this policy, the Board confirms it will recommend a final dividend of 10.1¢ per share for the financial year ended 31 December 2022, resulting in a total dividend of 15.7¢ per share for the year. This is in addition to $250 million of share buyback programmes announced in 2022. Man Group Plc will fix and announce the US dollar to sterling dividend currency conversion rate on 05 May 2023, in advance of payment.
Other Financial Highlights:
- Asset weighted investment outperformance versus peers across strategies of 1.4%
- Net inflows of $3.1 billion for the year ended 31 December 2022, 5.3% ahead of the industry
- Assets under management of $143.3 billion, up from $138.4 billion as at 30 September 2022
- Core net management fee revenue growth of 6% despite clear sector headwinds
- $779 million of core performance fees
- Statutory EPS (diluted) of 45.8¢ and core EPS (diluted) of 48.7¢, the highest in over a decade
- Net financial assets of $983 million as at 31 December 2022 (2021: $907 million)
- Intention to repurchase a further $125 million of shares after the share buyback programme announced in December 2022 is complete
