Adviser platform Nucleus has paid out its first dividend to shareholders since its inception 11 years ago.
The £4.3m dividend reflects a yield of 4.8% and equates to a payment of £2.43 per ordinary share. The adviser-built platform claimed to be the second adviser wrap platform to pay a dividend to its shareholders. Nucleus said the payment "is a mix of ordinary profit-based dividend and a one-off distribution of historic surplus reserves". The platform said it has now been debt-free for the past five years and has built up cash reserves of more than £15m. Prior to paying the £4.3m dividend, Nucleus claimed it had more in its cash reserves than it had invested in creating, launching and d...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes