Financial
Calendar
Financial calendar
Below we list the key dates that may be of interest to our shareholders.
| 2021 | 2022 | |
|---|---|---|
| Interim Results Announcement | 1 February 2021 | 22 February 2022 |
| Interim Management Statement | 13 May 2021 | 12 May 2022 |
| Full Year Results Announcement | 9 August 2021 | 5 August 2022 |
| Interim Management Statement | 15 October 2021 | 19 October 2022 |
| Annual Report circulated | 3 September 2021 | 6 September 2022 (TBC) |
| Annual General Meeting | 15 October 2021 | 19 October 2022 |
Dividend Calendar
| 2021 | 2022 | |
|---|---|---|
| Interim dividend payment date | 8 March 2021 | March 2022* |
| Final dividend payment date | 20 October 2021 | October 2022* |
*Exact date to be confirmed
Dividend Policy
Hargreaves Lansdown has a progressive ordinary dividend policy. The Board considers the dividend on a total basis, with the intention of maintaining the ordinary payout ratio at around 65% across the market cycle and looking to return excess cash to shareholders in the form of a special dividend after the year-end. Any such return will be determined according to market conditions and after taking account of the Group’s growth, investment and regulatory capital requirements at the time.
2022
As announced on 22 February 2022, the Group will be undertaking an estimated £175 million of strategic investment cost to deliver future growth and operational efficiencies. In part, the funding for this investment will come from the suspension of any special dividends through FY22 and FY23 before we look to reinstate it from FY24 onwards. The Board, however, is confident that Hargreaves Lansdown has sufficiently strong financial, liquidity and capital positions to execute its strategy without constraints and hence has committed that the ordinary dividend will grow by at least 3% throughout the period to FY24.
Given the Group’s dividend policy, the Board has declared an increased interim dividend of 12.26 pence per share (H1 2021: 11.9 pence per share). The interim dividend will be paid on 1 April 2022 to all shareholders on the register at 4 March 2022.