Australia's Cadence Capital jumps after declaring higher dividend

Cadence Capital

15/07/2022 03:24

** Shares of investment manager Cadence Capital  CDM.AX 
climb as much as 5.1% to A$0.93, their highest level since June
8
    ** Declares a year-end dividend of Australian cents per
share ($0.0270), bringing the full-year dividend to 8 Australian
cents per share  urn:newsml:reuters.com:*:nASX5BQMWL 
    ** Full-year dividend of 8 Australian cents per share marks
a 60% growth from FY21's dividend  urn:newsml:reuters.com:*:nASX8rR4Pf 
    ** Stock marks its best intraday session since July 1
    ** CDM down 11.1% YTD, as of last close 


($1 = 1.4789 Australian dollars)
    

 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))