Highlights
- GQG Partners sees strong April FUM growth
- Quarterly dividend increased to nearly 93% payout ratio
- Stock climbs over 5% on ASX300 following update
Shares of global asset manager GQG Partners (ASX:GQG) climbed more than 5% in early afternoon trading on the ASX, following the release of its latest monthly update showcasing positive momentum in funds under management (FUM) and a higher dividend payout. The company is part of the broader benchmark index, the ASX300, which includes Australia’s top 300 listed entities by market capitalisation.
In April, GQG Partners reported a 1.05% monthly increase in its FUM, which now totals US$163.6 billion (approximately A$255.86 billion). This growth was supported by net flows of US$1.4 billion, continuing the firm's upward trajectory for the year. Year-to-date net flows have reached US$6 billion, signalling continued investor confidence and demand across its investment strategies.
While most segments within the firm posted positive growth, the global equity segment saw a marginal decline, dipping slightly to US$39.9 billion from US$40 billion the previous month. Despite this, overall FUM gains highlight resilience and consistent traction in other areas of the business.
The company also declared a quarterly dividend of A$0.059 per share, scheduled to be paid on 27 June. Notably, this dividend accounts for 93.3% of GQG’s estimated distributable earnings for the first quarter, up from 90% previously. This marks a meaningful increase and reinforces the company’s standing among ASX dividend stocks, which remain attractive for income-focused investors.
GQG Partners' presence in the ASX300 and its consistent updates on performance, along with a disciplined approach to capital distribution, contribute to its visibility within the Australian equity market. The recent share price movement reflects market sentiment following this update, positioning GQG among the noteworthy companies driving activity within the financials sector.
As the market continues to monitor fund flows and dividend trends across ASX-listed entities, GQG’s April performance offers a snapshot of how some investment firms are navigating current conditions while maintaining a steady distribution policy.