Intermediate Capital Group (LSE:ICP)’s dividend will be the focus of the FTSE 100-listed asset manager’s full-year results on Tuesday, May 28, analysts say.
Having raised distributions for 13 consecutive years, markets expect dividends for the full year to total 80.8p, against 77.5p in 2023.
“This is one possible explanation for why the shares are trading at pretty much an all-time high,” AJ Bell analysts said.
Indeed, shares were trading at 2,304p on Friday, having climbed almost 40% this year alone.
“Growing a dividend every year for a decade is not easy,” AJ Bell added.
“Competition, regulation and technological change all challenge companies’ business models every single day and only the strong can weather such an assault.”
Intermediate Capital regained a spot on the FTSE 100 in December, with its upcoming results set to cover the year to the end of March.