Our February 2017 Blog picked out Plus500 as one our AIM Dividend Growth Champions and it certainly hasn’t disappointed. We observed back then how this rapidly growing business had experienced an eventful time on AIM since arriving in July 2013 at a share price of 115p and market capitalisation of £132m or US$200m, which has since grown to £1.9bn. However, that’s only half the story and doesn’t reflect the full return to shareholders.
Over the years PLUS has had to endure an FCA enquiry into its client take-on procedures and more recently news of ESMA and the FCA’s proposed clamp down on leveraged trading as a whole.
In the 5 years since AIM Admission in 2013 and allowing for the payment of the latest dividend on 23 July 2018, the Group will have rewarded shareholders with aggregate dividends of US$523m. This is approximately 160% greater than the market capitalisation at IPO of US$200m and represents a remarkable return!…
Register to continue reading this article.
Already a member? Login
For access to the top news and insights from the investment worldREGISTER FREE TODAY