Schroders Half-year results to 30 June 2020 (unaudited)

[idpickering]

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Our diversified business model has enabled us to deliver a resilient performance in the first half of 2020, despite the exceptionally challenging market environment, with profit before tax and exceptional items of £306.2 million

The investments we have made in technology and improvements to our operating platform over recent years have facilitated an efficient transition to remote working, helping to keep our people safe while maintaining a high level of productivity

We generated total net inflows of £38.1 billion, with positive contributions from Solutions and Wealth Management. Assets under management increased 5% to reach a new high of £525.8 billion

And later;

The Board has declared an interim dividend of 35.0 pence per share (interim dividend 2019: 35.0 pence), amounting to £95.6 million (H1 2019: 95.8 million) in total. The dividend will be paid on 24 September 2020 to shareholders on the register at 21 August 2020.

https://www.investegate.co.uk/schroders ... 00075343U/

[Arborbridge]

Good news these days is when a dividend has been static for two years

Thanks for posting.

[Dod101]

Good news these days is when a dividend has been static for two years

Thanks for posting.

Indeed. They are somewhat between a rock and a hard place because not only are they dealing with the Covid crisis, but their own margins are under pressure because of the move to passive investing so fee income is under pressure. However they are still paying a dividend representing less than half of their EPS and they have managed to increase AUM. Must look at the positive side.

Dod