The board recommends a final dividend of 56p for 2022 (2021: 54p), making a total of 84p for the year (2021: 81p), an increase of 3.7% on 2021. This is consistent with the progressive policy and is supported by their strong capital position and robust balance sheet. The dividend will be paid on 9 May 2023, subject to shareholder approval at theirr 2023 Annual General Meeting on 4 May 2023.
Other Financial Highlights:
- Total FUMA was £60.2 billion at 31 December 2022, down 11.6% from £68.2 billion at 31 December 2021:
- £45.1 billion in Investment Management (excluding Saunderson House), down 10.2% (2021: £50.3 billion).
- £11.0 billion in Rathbone Funds, down 15.3% (2021: £13.0 billion).
- £4.1 billion of Saunderson House FUMA, down 16.3% (2021: £4.9 billion).
- Discretionary and managed net inflows were resilient in the year at £1.3 billion (2021: £1.8 billion), representing a growth rate of 2.6% (2021: 4.1%):
- Discretionary service net inflows totalled £0.9 billion (2021: £1.3 billion).
- Net inflows into their multi-asset fund range were strong, totalling £0.4 billion and equating to net growth for the year of 20% (2021: £0.5 billion).
