GQG Partners shares trade higher after declaring 5.7 cent dividend
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The news: GQG Partners shares lifted after the investment management firm declared a quarterly dividend of 5.6775 cents per share, 7.2% higher year-on-year.
The numbers: At 1:02pm AEDT, shares in GQG Partners had lifted 5.86% to $1.62.
The firm said the dividend represents 90% of the company’s third quarter distributable earnings.
The GQG board declared a dividend per share of 3.7 US cents and applied an exchange rate of 0.6517. This is higher than the 3.5 US cent, or 5.2968 cent under an exchange rate of 0.657, dividend declared in the previous corresponding period.
It is also ahead of the dividend of 3.56 US cents declared in the June quarter for 2025.
The context: GQG Partners’ funds under management fell USD400 million as net outflows hit USD1.7 billion in September. Net outflows had hit USD4.8 billion over the September quarter.
However, the fund has attracted net inflows of USD167.2 million in the year to date.
