Paid on 18 August, the £4.3m dividend equates to a payment of £2.43 per ordinary share and has been distributed to the business’ ordinary shareholders. The company’s first dividend reflects a yield of 4.8% and is a mix of an ordinary profit based dividend and a one-off distribution of historic surplus reserves.
David Ferguson, founder and CEO of Nucleus, said: “This is another major milestone for Nucleus and one I am hugely proud of. Not only is it testament to the strength of the underlying fundamentals of the business, but also the passion, dedication and hard work of every single person who has been involved over the past eleven years.
“Following five consecutive years of increasing revenues and profitability that has seen the business become debt free with over £15m in cash reserves, Nucleus is better positioned than ever before to take advantage of the significant growth opportunities in the platform sector. We believe we are poised to accelerate this progress even further by remaining fully committed to investing in next generation technology and enhancing a platform proposition that has been designed hand in hand with advisers, to the benefit of them and their clients."
