Aberdeen hikes divi by 36% after 'healthy' H1

Aberdeen AM has raised its interim dividend by more than a third as revenue rose by over 25% in the six months to 31 March.

Reporting interim results, the group said revenue rose by 25% to £516m, with underlying pre-tax profit up 37% at £223m. That prompted a 36% increase in its interim dividend, to 6p per share, as assets under management rose 13% to £212.3bn on the period. Aberdeen saw net inflows of £3.5bn in the first two months of 2013, but overall flows slowed in March following the move to limit money coming into the group's global emerging market equity funds. Aberdeen saw net outflows of £468m from its GEM equity funds in March, though this was more than offset by a further £1bn of net flows in...