Wealth manager begins £33m share buyback programme
Wealth manager St James's Place is to start its £32.9m share buyback scheme today.
St James's Place has the target of returning half of its full-year underlying cash result to shareholders. It expects this year to have an annual dividend of 18p per share, with the balance returned through share buybacks.
It has already declared an interim dividend of 6.0p and the share buyback was the equivalent of 6.0p per share.
The share buyback was announced along with the company's half-year results at the end of July, when its shar... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
