Our dividend policy is to grow our dividend progressively in line with our view of the underlying adjusted earnings per share on a diluted basis (excluding performance fees) and cash flow.
When setting the dividend, the Board of Directors looks at a range of factors, including:
- The macro environment
- The current balance sheet
- Future plans.
In addition, we may choose to return cash to shareholders through share buybacks, subject to the regulatory capital requirements of Liontrust.
Dividends are declared and paid half yearly in each December and July.