Rathbones Group Plc have increased their interim dividend by 3.4% to 30p (30 June 2023: 29p), reflecting their business and balance sheet. The record date will be 6 September 2024 and the dividend will be paid on 1 October 2024.
Other financial highlights include:
- Funds under management and administration (FUMA): £108.9 billion, +3.4%
- Significant improvement in net flows in Q2
- Underlying profit before tax: £112.1 million, +120.7%
- Underlying operating margin: 25.1%
- Statutory profit before tax: £65.3 million, +151.2%
- Accelerated delivery of IW&I integration synergies
- Successful first stage implementation of InvestCloud Client Lifecycle Management (CLM) technology platform
- Migration of Saunderson House assets substantially complete
