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Schroders proposes higher dividend as FY'16 profit rises YOY

Mar 3, 2017 - SNL European Financials Daily

Schroders Plc reported an increase in full-year 2016 profit after tax to £490.2 million from the year-ago £467.4 million.

EPS for 2016 reached 174.5 pence, compared to the year-ago 166.5 pence. Schroders recorded net inflows of £1.1 billion, down from £13 billion in 2015.

Total profit before tax and exceptional items rose on a yearly basis to £644.7 million from £609.7 million, with the asset management division accounting for £572.4 million of the total, up from £540.5 milli

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