The adviser built wrap platform has divvied out an interim dividend totalling £4.3m to shareholders on 18 August, following five consecutive years of increasing revenues and profitability.
It is the second adviser wrap platform ever to have paid a dividend to its shareholders.
The move follows hot on the heels of its decision to slash costs for clients with portfolios in excess of £500,000 from 1 July.
The dividend, which equates to a payment of £2.43 per ordinary share, reflects a yield of 4.8% and is made up of ordinary profit based dividend and a one-off distribution of historic surplus reserves.
Nucleus, which counts Sanlam among its shareholders, has been debt free for the past five years, allowing it to build up its cash reserves to £15m.
Over the first six months of the year, the firm recorded gross inflows of £1.3bn, up 44.8%, and a 28% surge in assets under administration to £11.4bn. Its AUA currently stands at £13.0bn.
Higher gross inflows boosted revenue by 26.5% to £19.5m.
Nucleus founder and CEO David Ferguson called the firm’s inaugural dividend payout “another major milestone for Nucleus and one I am hugely proud of”.
“Not only is it testament to the strength of the underlying fundamentals of the business, but also the passion, dedication and hard work of every single person who has been involved over the past 11 years.”
Ferguson added: “We believe we are poised to accelerate this progress even further by remaining fully committed to investing in next generation technology and enhancing a platform proposition that has been designed hand in hand with advisers, to the benefit of them and their clients.”
