Full Year Results 

Hargreaves capital strength spurs special dividend

Hargreaves capital strength spurs special dividend

The momentum with which Hargreaves Lansdown (HL.) has been gathering assets continued apace through FY2018, with the direct-to-consumer platform provider gaining £7.6bn in net new business inflows – up 10 per cent on the prior year. The good news for shareholders was that capital generation has also remained robust, with tangible capital rising almost a third. That meant – after scrapping last year’s special dividend on higher regulatory capital needs – management could declare a one-off 7.8p a share return.

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