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Switzerland's Partners Group to pay record dividend
March 25, 2014 / 7:32 AM / 4 years ago

Switzerland's Partners Group to pay record dividend

LONDON, March 25 (Reuters) - Swiss private equity firm Partners Group proposed a record dividend payout after posting a 6.4 percent rise in full-year profit on Tuesday.

The investment manager said that 2013 earnings before interest, tax, depreciation and amortisation (EBITDA) hit 300 million Swiss francs ($339.3 million) thanks to strong client demand and higher earnings from management fees.

The company plans to raise its dividend to a record 7.25 Swiss francs per share, up 16 percent on the payout for 2012.

Assets under management stood at 31.6 billion euros ($43.6 billion) at the end of last year, up 10.5 percent on 2012. ($1 = 0.7255 Euros) ($1 = 0.8843 Swiss Francs) (Reporting by Freya Berry; Editing by David Goodman)

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