Tatton Asset Management Plc continues to perform well, as they maintain their focus on creating long-term sustainable shareholder value. Given their continued progress, and in line with the guidance that they issued at the half year when they indicated that the split of the dividend would be 50:50 between the interim and final dividend, the Board is proposing a final full year dividend of 8.0p per share. This brings the total ordinary dividend for the year to 16.0p per share, an increase of 10.3% on the prior year, which is covered 2.9 times by adjusted earnings per share. Subject to shareholder approval at the forthcoming Annual General Meeting, the dividend will be paid on 6 August 2024 to shareholders who are on the register on 28 June 2024. The ex-dividend date will be 27 June 2024.
Other Financial Highlights Include:
- Group revenue increased 13.9% to £36.807m (2023: £32.327m)
- Adjusted operating profit up 12.9% to £18.514m (2023: £16.402m)
- Adjusted operating profit margin 50.3% (2023: 50.7%)
- Profit before tax £16.751m (2023: £15.996m)
- Adjusted fully diluted EPS2 increased 11.2% to 22.91p (2023: 20.61p)
- Strong financial liquidity position, with net cash of £24.8m (2023: £26.5m)
- Strong balance sheet - net assets increased to £43.3m (2023: £41.8m)
