StockMarketWire.com - St. James's Place reports another record year in terms of new business, operating profits and funds under management.
The board was pleased by the as we celebrate our 20th anniversary. This performance, in market £3.3 billion net inflows of funds which took funds under management to £28.5 billion at the year end.
David Bellamy, Chief Executive, commented:"The combination of growth in funds under management and their increasing maturity drive future cash flows, which is why we have been able to grow dividends by 33% in each of the last two years and have the confidence today to signal a similarly significant increase for 2012.
"New business so far in this quarter is running at the same level as the final quarter of 2011 whilst funds under management have grown to £29.5 billion at the end of January.
The company proposed a final dividend of 4.8p (2010: 3.975p) up 21%, providing for a full year dividend of 8.0p (2010: 6.0p) up 33%
At 9:29am: (LON:STJ) St. James's Place Capital share price was +1.7p at 375p
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