Premier Asset Management lifts dividend as assets under management grow
StockMarketWire.com - Premier Asset Management Group lifted its third-quarter dividend after its asset under management grew by 17%.
Assets under management in the three months through June increased to £6.8bn, up from £5.8bn on-year.
The company declared a quarterly dividend of 1.65p, up from 1.25p on-year.
Net inflows for the quarter fell to £202m, down from £231m on-year, though this represented 21 successive quarters of positive net inflows.
'We are pleased to report another strong quarter for the business,' chief executive Mike O'Shea said.
'Against a background for investment firms and our clients of economic and political uncertainty, combined with the very fast pace of technological change, we believe our focus on relevant, actively managed investment products, including our multi-asset, equity and absolute return funds, combined with our focus on client service, means we remain well positioned for the future.'
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