CFD provider Plus500 has today announced via the LSE newswire service that it will be issuing a dividend payment to shareholders. The distribution will see shareholders receive $0.2121 per share, totaling around sixty percent of the company’s operating profits from the first two quarters of 2015.
The dividend is expected to be registered on 8th January, with the proceeds distributed to those who own shares in the AIM-listed Plus500 Ltd group of companies on 29th February.
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Founded in 2008, the Plus500 group of companies provide CFDs (Contracts for Difference), enabling their clients to capitalize on movements in the price of over 2000 markets such as stocks, commodities, indices and foreign exchange, without direct investment in or purchase of the underlying asset. The firm’s CFD trading app is one of the highest rated on both Google Play and Apple’s AppStore.
It hasn’t been plain sailing all year for shareholders of Plus500 though; only last month a $460 million takeover by FTSE250 gambling software company Playtech was abandoned due to undisclosed objections following scrutiny from the FCA, which oversees regulatory compliance of the group’s UK arm. The regulator is believed to have been nervous about Playtech’s lack of experience in the CFD industry.
The collapse of the buyout left Plus500 shares relatively unscathed, and the firm subsequently announced a $20 million share buyback. The company’s shares are today trading at a 5 percent premium to the price at which Playtech had agreed to acquire them in June. Also linked to Israeli based Playtech’s failed attempts to expand into the UK CFD market was AvaTrade, whose acquisition met with similar objections from regulator CBI.
In spite of a somewhat challenging year, Plus500 appears to have overcome the regulatory obstacles it faced, and its loyal shareholders now stand to be rewarded with a generous dividend payout from the firm.
Trading with Plus500
Plus500 is authorized and regulated by well-regarded financial regulators: Plus500UK LTD is authorised and regulated by the Financial Conduct Authority. Plus500 CY LTD is authorised and regulated by the Cyprus Securities and Exchange Commission. Plus500 AU LTD is regulated by Australian Securities and investments Commission. Plus500 Ltd is listed on the AIM, section of the London Stock Exchange and follows best practice corporate governance.
Plus500 is a provider of CFD (Contract for Difference) services and is suitable only for experienced traders. Your capital is at risk.