Investment manager M&G raised its dividend as a return to net inflows reflected a solid second half.
The FTSE 100 group posted broadly unchanged annual underlying operating profit of £838m, higher than the £820m expected.
Net inflows from open business swung to £7.8 billion from outflows of £1.9 bn in 2024.
It proposed a second interim dividend of 13.8p per share, payable on 30 April, bringing the total dividend for the year to 20.5p, up 2% on 2024.
Andrea Rossi, group chief executive at M&G, said: “We expect this momentum across the business to continue in 2026, as we move forward on our growth journey.”
Hargreaves Lansdown said: “M&G delivered a good second half to the year with plenty of positives to take into 2026. Net flows into the parts of the business open to new investment were strong, and while profits were flat over the year, an acceleration is on the cards.”
Shares fell 1.4% to 296.3p, amid a broader market sell-off.
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