Tetragon Financial Group declares US$0.1675 per share Q316 dividend
Q316 dividend in line with Q216 and 3.1% higher than Q315
Ahead of releasing its results for the three months to 30 September 2016, Tetragon Financial Group (TFG) has declared a dividend of US$0.1675 per share in respect of the third quarter (Q316). The exdividend date is 31 October 2016, the record date is 1 November 2016 and the payment date is 25 November 2016.
Following a similar pattern to previous years, the Q316 dividend was held at US$0.1675 in line with the Q216 dividend, which was 1.5% higher than the US$0.1650 dividends paid for Q116 and Q415. This continues the progressive dividend policy that TFG has pursued since re-basing the quarterly dividend in 2009. TFG targets a payout ratio of 30-50% of normalised earnings (incorporating both investment income and capital gains), based on its long-term target return of 10-15% pa.
TFG to release Q316 results and host investor call on 31 October 2016
TFG is scheduled to release its results for the three months to 30 September 2016 and host a conference call for investors on Monday, 31 October 2016 at 14:00 GMT/10:00 EDT.
UK dial-in: +44 (0)80 8237 0030
US dial-in: +1 866 928 7517
Participant Pin Code: 97193613#
Link to online presentation: TFG investor call webcast
Read Edison’s most recent research report on TFG here.
Disclaimer - Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. This document may contain materials from third parties, which are supplied by companies that are not affiliated with Edison Investment Research. Edison Investment Research has not been involved in the preparation, adoption or editing of such third-party materials and does not explicitly or implicitly endorse or approve such content. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of publication and is subject to change without notice. While based on sources believed reliable, we do not represent this material as accurate or complete. Any views or opinions expressed may not reflect those of the firm as a whole. Edison Investment Research does not engage in investment banking, market making or asset management activities of any securities. The material has not been prepared in accordance with the legal requirements designed to promote the independence or objectivity of investment research.