Pendal Group Released Full-Year Results; Dividend Announced

  • Nov 06, 2019 AEDT
  • Team Kalkine

Pendal Group Limited (ASX: PDL) has reported full-year results for the period ended 30 September 2019. The group has declared a final dividend of 25 cents per share to the shareholders (10% franked) with a record date of 6 December 2019.

  • Statutory net profit after tax was $154.5 million, down 24% from $202 million in FY 2018.
  • Performance fees was down 89% over the year to $5.9 million.
  • Fee revenue decreased by 12% to $491.2 million over FY 2018.
  • Total FY 2019 dividends down by 13% to 45 cents per share.

By 12:53 PM AEST, PDL was trading at $8.25, up by 10.15% relative to the previous close.

 

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