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Tatton Asset Management hikes dividend 9.4% as earnings improve
StockMarketWire.com
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Investment manager and financial adviser support group Tatton Asset Management hiked its dividend by 9.4% after it boosted its first-half underlying earnings by more than a fifth.
Pre-tax profit for the six months through September fell 15% to £3.1 million, down from £3.6 million year-on-year, owing to share-based payment charges and a provision release due to Covid-19.
Revenue rose 13% to £11.0 million and adjusted operating profit rose 22% to £5.0 million.
Tatton Asset Management declared an interim dividend of 3.5p per share, up 9.4% year-on-year.
Its assets under management increased 17% to £7.81 billion, with net inflows for the half of £328.1 million.
At 9:30am: (LON:TAM) Tatton Asset Management PLC share price was 0p at 285p
Story provided by StockMarketWire.com
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