Dividend cuts at Brewin Dolphin as growth slows in final quarter

Software costs more than double

James Baxter-Derrington
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Brewin Dolphin chief executive Robin Beer
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Brewin Dolphin chief executive Robin Beer

Brewin Dolphin has cut its final dividend for 2020 to 9.9p per share, down from 2019’s 12p, as it seeks to "remain prudent" of ongoing headwinds, according to its full year results.

The reduced final dividend number brings the total for 2020 to 14.3p per share, down 12% on last year's total figure of 16.4p per share, representing a payout ratio of 70% of adjusted diluted earnings...

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