A considerable number of Fidessa's retail investors will now be able to avoid being hurt by the imminent rise in the highest rate of income tax, after the trading technology group revealed a second interim dividend with its complete year earnings report.
The news from the company has managed to offset a cautious outlook which was previously shared by the group, in which it asserted that tough conditions among its hedge fund clients might end up hitting growth over the coming year.
For a complete year up-to December 2009, Fidessa posted a revenue hike of 26% to 239 Million Pounds. Adjusted operating profit recorded a rise of 34%.
On the successful earnings, the company announced a special dividend of 40 pence a share. Early dividend was hiked by 22% to 30 pence, a rise from last year's figure of 24.5 pence.
On the news, shares of company hiked by 30 pence to 13.30 Pounds.
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