ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

POLR Polar Capital Holdings Plc

455.50
3.00 (0.66%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Polar Capital Holdings Plc POLR London Ordinary Share
  Price Change Price Change % Share Price Last Trade
3.00 0.66% 455.50 16:35:02
Open Price Low Price High Price Close Price Previous Close
453.00 448.00 456.00 455.50 452.50
more quote information »
Industry Sector
GENERAL FINANCIAL

Polar Capital POLR Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
20/11/2023InterimGBP0.1414/12/202315/12/202312/01/2024
26/06/2023InterimGBP0.3206/07/202307/07/202328/07/2023
21/11/2022InterimGBP0.1422/12/202223/12/202213/01/2023
27/06/2022InterimGBP0.3207/07/202208/07/202229/07/2022
22/11/2021InterimGBP0.1423/12/202124/12/202114/01/2022
01/07/2021InterimGBP0.3108/07/202109/07/202130/07/2021
19/11/2020InterimGBP0.0917/12/202018/12/202008/01/2021
22/06/2020InterimGBP0.2502/07/202003/07/202031/07/2020
25/11/2019InterimGBP0.0819/12/201920/12/201910/01/2020
24/06/2019InterimGBP0.2504/07/201905/07/201926/07/2019

Top Dividend Posts

Top Posts
Posted at 23/2/2024 11:02 by mpage
@galeforce1. Don't forget that, as a hybrid, M&G is a very different beast. A big slug of its dividend should be viewed in the same way that we view the dividends of Phoenix Group and Chesnara. M&G's div may not grow very much but I'd say it's a lot more stable/lot less vulnerable to open-ended outflows than the likes of POLR. (I hold all four.)
Posted at 23/2/2024 09:46 by riverman77
They have lots of cash and appear to be very committed to dividend, so think would only be cut if AUM continues to fall and doesn't recover for a couple of years. The opposite seems to be happening - AUM should be up nicely this year - so not too concerned on that front. You're right that active managers are under pressure given the rise of passives, although I think POLR have quite a distinctive niche and good long term performance, which should insulate them to a degree.
Posted at 23/2/2024 09:34 by galeforce1
Disappointing share price performance here, which maybe anticipates a cut in the current very generous dividend. But the AUM must be rising with the global rise in stocks. Also, POLR have some very useful niches in tech and healthcare. So I think there could be some upside here.
POLR seems to be caught in the market's negative view of the active asset management business generally. The market sees the whole sector as a value trap. M&G is also yielding about 9%.
Posted at 23/2/2024 08:33 by riverman77
Share price action completely out of whack with the rally in tech and healthcare (their 2 largest asset classes). PCT up 13% YTD, PCGH up 10%. Also reports that funds (with the exception of UK equity funds) are seeing good inflows this year. Yet POLR down 8%. I think this is a huge mispricng and been adding. Remember, POLR is operationally geared so every 1% increase in AUM should lead to at least a 2% rise in earnings.
Posted at 22/2/2024 08:34 by mister md
I stuck with POLR for the dividend, but PCT would've been the better option (so far).
Posted at 08/2/2024 17:21 by riverman77
Reports that funds in the UK starting to see good inflows now, albeit in US funds not UK funds. This should be good for POLR who are quite US biased. I think there is potential for AUM to increase quite sharply through combination of market movements and inflows. POLR is operationally geared due to largely fixed costs, so earnings could increase rapidly. POLR share price has been known to shoot up quite sharply before, so don't agree with the earlier poster on that point. The dividend will also be easily covered if AUM increases - admittedly this is dependent on market movements, but equity markets tend to increase over time so think it very unlikely AUM won't bounce back before too long.
Posted at 11/1/2024 16:18 by spawny100
Not me. I'll be adding to my DUKE holding tomorrow my POLR divi.
Posted at 10/1/2024 16:01 by mpage
There have been some queries about the dividend. Yes, it's currently uncovered.

POLR has historically appeared to take a ratchet approach to the dividend - increasing where possible but then holding steady (uncovered) in the hope that prospects improve. Schroder does something similar but operates from a lower payout ratio so it has more room

Polar pays a second interim dividend (rather than a final dividend)so that it does not have to secure shareholders' approval at the AGM. There appears to be plenty of surplus capital on the BS to fund it for this year (slide 24 see below).

The decision on the size of the second interim div will be made by the board in late June 24 based on fees earned, needs for capital and with half an eye on what might happen in the future. This is covered by the FD in the H1 presentation at around 19 mins (slide 25). hxxps://youtu.be/G4y4NiHEJAA?t=1140

We may have a better idea after the next AUM update on Friday.
Posted at 24/12/2023 16:59 by pj84
The dividend comes from the income earned from the management fees of the funds (AUM Assets under management).

The dividend for the last full year was an interim of of 14p and a final dividend of 32p making a total dividend of 46p which at the current share price of 460p is a dividend yield of 10%. No dividend is guaranteed but hopefully if markets start to improve I am hopeful it will be maintained.



The following is a link to the interim results presentation which is just under 10 minutes long and there is a bit about the interim dividend just after 4 minutes 50 seconds
Posted at 20/11/2023 07:12 by masurenguy
Unaudited interim results for six months ended 30 September 2023

"Strong pipeline of interest in our diversified thematic strategies, improving fund performance and balance sheet strength support a maintained first interim dividend" Gavin Rochussen, CEO

Highlights

-- Assets under Management ("AuM") at 30 September 2023 GBP19.1bn (31 March 2023: GBP19.2bn) and at 10 November 2023 GBP18.9bn.

-- Net outflows of GBP581m, a material decrease of GBP264m vs the prior comparable period, aided by inflows into a number of funds.

-- Core operating profit GBP22.5m (30 September 2022: GBP25.8m)
-- Profit before tax GBP21.1m (30 September 2022: GBP23.0m)
-- Basic earnings per share 16.2p (30 September 2022: 17.7p) and adjusted diluted total earnings per share 17.2p (30 September 2022: 19.0p)

-- Interim dividend per ordinary share of 14.0p (January 2023: 14.0p) declared to be paid in January 2024. The dividend payment date is 12 January 2024, with an ex-dividend date of 14 December 2023 and a record date of 15 December 2023.

Gavin Rochussen, Chief Executive Officer, commented: "The past six months have been a challenging period for equity markets driven by a volatile macro environment. Like many of our peers, Polar Capital has not been immune from these challenges, but net outflows as a percentage of opening AuM have been relatively modest, and in fact, have materially slowed vs the prior comparable period. This was helped by net inflows into a number of funds, namely our Polar Capital Emerging Market Stars Fund, Polar Capital European ex-UK income Fund, Polar Capital Japan Value Fund and Polar Capital Smart Energy Fund. Long-term performance remains positive across the UCITs fund range with all funds bar one in the 1(st) or 2(nd) quartile of their Lipper peer group since inception. More recently, 77% of Polar Capital's total AuM is in the top two quartiles of the Lipper peer group calendar year-to-date. As a result, and helped by a strong year for technology stocks, assets under management ended the reporting period at GBP19.1bn, representing a modest decrease from the year end.

As an investment led, specialist boutique, the quality of our product range remains central to our efforts to grow the business and a number of our funds have seen renewed interest of late. For example, the well documented breakthrough in artificial intelligence has seen an increased interest in the Polar Capital Artificial Intelligence Fund. It had its six-year anniversary in October 2023 and is 3(rd) percentile against Lipper peers over one year, 5(th) percentile over five years and 4(th) percentile since inception. Similarly, the Polar Capital Global Insurance Fund has seen renewed interest given its defensive characteristics. It recently passed its 25-year anniversary and since launch it has delivered strong and consistent annualised returns to investors of circa 10% pa (Source: Polar Capital, 30 September 2023. R GBP Acc share class with reinvestment of dividends and capital gain distributions, in Pounds Sterling).

In the six months, the largest beneficiary of net inflows was our Emerging Market Stars fund range, which garnered a combined total of GBP244m of net inflows, despite the tough backdrop and muted investor demand for the asset class. The Emerging Markets and Asia Stars team now collectively manage GBP1.5bn and there has been continued progress in the US with US domiciled fund vehicles surpassing GBP125m. The Smart funds managed by the Sustainable Thematic team have now reached AuM of GBP280m. The Nordic region has continued to grow through additional flows into the Polar Capital Emerging Market Stars Fund and there is emerging interest in the Polar Capital Smart Energy and Smart Mobility funds.

Pleasingly, Polar Capital won the 2023 European Asset Management Firm of the Year ( EUR20bn-EUR100bn) award at the Funds Europe 2023 awards, which is testament to the quality of our offering. We continue to invest in our digital marketing reach and have intensified our client contact interactions to utilise our significant remaining fund capacity. This, given our differentiated range of sector, thematic and regional fund strategies, gives us confidence that we will perform for our clients and shareholders over the long term."

Your Recent History

Delayed Upgrade Clock