Fidessa Group plc (LON:FDSA), provider of trading, investment and information solutions to the financial industry, has earlier today published an interim management statement for the period from July 1, 2015 to date.
The company remains upbeat on the performance of the business and on growth opportunities.
Fidessa says it continues to have a strong balance sheet with strong reserves, no debt and substantial levels of recurring revenue. Cash generation stayed strong during the period and Fidessa expects to be able to announce a further special dividend with its preliminary results in February 2016.
Along with its results for the first-half of 2015, which showed a 6% rise in revenues to £145.9 million, the company announced a 2015 interim dividend of 13.1 pence per share, amounting to an expected dividend payment of £4,981,000.
In the table below you can view details of previous dividend payments, including special dividends.
The interim management statement also reiterated Fidessa’s plans to explore further extensions to the asset classes it supports. During the first half of 2015, Fidessa has been looking specifically at the rates segment of the fixed income market. The company said today that further strong progress with the multi-asset initiative is expected and that it will continue its research into the rates segment of the fixed income market.
The company does not believe that an investment in providing support for the fixed income asset class is likely to have a substantial impact on its ability to pay further special dividends in the future.
To view the official announcement from Fidessa, click here.