GQG Partners Amends Dividend Policy for Shareholders

GQG Partners, Inc. Shs Chess Depository Interests Repr 1 Sh (AU:GQG) has released an update.

GQG Partners Inc. has revised their dividend policy to exclude unrealized gains and losses on investments and foreign currency from their calculation of distributable earnings, a move intended to provide a more accurate reflection of free cash flow. The global investment boutique, managing over $156 billion in assets, aims to maintain an annual payout ratio of 85% to 95% of distributable earnings for their quarterly dividends. The policy adjustment is set to start with the dividends for the quarter ending June 2024 and is indicative of GQG’s proactive approach to financial strategy.

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