Fiera Capital A (TSE:FSZ) has released an update.
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Fiera Capital Corporation reported growth in assets under management (AUM) to $165.2 billion in Q1 2024, marking a $3.5 billion increase from the previous quarter, driven by strong equity market performance and an uptick in base management fees. The firm’s adjusted EBITDA margin improved to 27%, reflecting a disciplined cost management and revenue growth. Moreover, Fiera Capital is set to distribute a dividend of 21.5 cents per share in June, emphasizing their stable financial standing amidst economic uncertainties.
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