Investment conglomerate Washington H. Soul Pattinson handed investors its 20th consecutive annual dividend increase on Thursday, despite chairman Robert Millner saying financial 2020 was a "difficult year".
The conglomerate, which has ownership interests in TPG Telecom, Brickworks, New Hope, API Pharmacies and multiple asset managers, will pay a final dividend up 2.9 per cent to 35¢ per share, payable on December 14, taking full-year dividends 3.4 per cent higher to 60¢.
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Tom Richardson writes and comments on markets including equities, debt, crypto, software, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as a holder of the Investment Management Certificate. Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com
