Record Plc Board is recommending a final ordinary dividend of 2.45 pence per share (FY‑23: 2.45 pence) with the full-year ordinary dividend at 4.60 pence per share (FY‑23: 4.50 pence), representing a 2.2% increase in the ordinary dividend and an ordinary payout ratio of 82% of underlying earnings. The interim dividend of 2.15 pence was paid on 22 December 2023, and the final ordinary dividend of 2.45 pence will be paid on 2 August 2024 to shareholders on the register at 12 July 2024, subject to shareholder approval.
Other financial highlights include:
Revenue growth of 1.6% to £45.4m (FY-23: £44.7m)
AUM in USD terms up by 16.5% to $102.2bn (FY-23: $87.7bn)
Underlying pre-tax profit increase of 1.4% to £14.8m (FY-23: £14.6m)
Pre-tax profit decrease of 11.6% to £12.9m (FY-23: £14.6m)
Underlying operating profit margin of 32% (FY-23: 32%)
Decreased operating profit margin of 28% (FY-23: 32%)
Basic underlying EPS of 5.60 pence (FY-23: 5.95 pence)
Basic EPS decrease of 18.7% to 4.84 pence (FY-23: 5.95 pence)
Consistent performance fees of £5.8m (FY-23: £5.8m)
Strong and liquid financial position with shareholders' equity of £28.9m (FY-23: £28.3m) and assets managed as cash of £17.5m (FY-23: £14.5m)
