23rd Jul 2026 15:30
City of London Investment Group PLC - "active, alpha-driven" asset manager - Funds under management total USD12.31 billion on June 30, the end of the company's financial year, up 14% from USD10.81 billion a year before. City of London Investment suffers USD1.34 billion net outflow during the recent year, but books USD2.83 billion in gains from market and investment performance. Of these gains, USD1.67 billion come from emerging markets investments. City of London Investment notes that net outflow improved as the year went along, with USD483 million in net outflows in the second half after USD853 million in the first.
City of London Investment says it expects to pay a final dividend for the recent year in line with financial 2025's, which was 22 pence per share. This would mean a full-year payout of 33p, also unchanged. The dividend will be paid in November after the company's annual general meeting on October 26.
Current stock price: 473.20 pence, down 2.6% in London on Thursday
12-month change: up 32%
By Tom Waite, Alliance News editor
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