Investec upbeat about prospects as it raises full-year dividend
Specialist bank and wealth manager is encouraged by the momentum in its core markets, which have benefited improving global economy
21 May 2021 - 11:42
Anglo-SA financial services group Investec, which recently spun off and separately listed its asset management arm, struck an upbeat tone at the presentation of its full-year results to end-March, increasing its dividend by almost a fifth year on year.
The group, which reported record funds under management in its wealth & investments division, raised its total dividend for the year to end-March by 18.2% to 13 pence (257c). Adjusted earnings per share declined by 14.7% to 28.9p, while return on equity slipped from 8.3% to 6.6%...
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