By Adam Whittaker
CMC Markets hiked its dividend after its full-year earnings were boosted by higher interest income.
The London-listed online trading platform said Thursday that its dividend for the year ended March 31 would be 11.4 pence a share, a 37% year-on-year increase on the 8.3 pence a share it delivered for the prior period.
The rise came as its pretax profit jumped 33% to 84.5 million pounds ($114.5 million) on underlying earnings before interest, taxes, depreciation and amortization that rose 12% to 103.4 million pounds.
A 21% increases in interest income to 42.5 million pounds boosted its results, it said.
In a separate release, CMC said its Deputy Chief Executive Officer and member of the board, David Fineberg, would not stand for re-election at its annual general meeting. He will instead transition to a newly created position covering strategic partnerships, it added.
The head of Asia-Pacific, Matthew Lewis, will also step down from the board to focus on expanding the group's footprint in the region, CMC said. Global head of capital markets, Laurence Booth, will join the board.
Write to Adam Whittaker at adam.whittaker@wsj.com
(END) Dow Jones Newswires
June 05, 2025 02:58 ET (06:58 GMT)
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