Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Sustainable asset management company Impax Asset Management hiked its final dividend after reporting a rise in assets under management on increased net inflows.
For the year ending 30 September 2020, assets under management increased 34% to £20.2 billion on net inflows of £3.5 billion, up from £1.4 billion.
Pre-tax profit fell to $16.7 million from £18.9 million year-on-year, while revenue increased 19% to £87.5 million.
The company proposed a final dividend of 6.8 pence per share, up from 4.0 pence last year, taking the total for the year to 8.6 pence per up 56%.
'This year the effects of COVID-19 have amplified many of the issues associated with investing in the transition to a more sustainable economy, but recent events have also reinforced our investment case,' the company said.
At 9:43am: (LON:IPX) Impax Asset Management Group PLC share price was 0p at 590p