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S&U hikes dividend after trading meets expectations

By BFN News | 07:31 AM | Friday 09 February, 2018

Motor and property bridging lender S&U said trading remained strong in the final weeks of its financial year and was in line with its expectations. The company said it had therefore approved a second interim dividend of 32p per share, up from 28p a year earlier. Demand for Advantage's motor finance had seen a record 24,500 transactions in the year, defying recent reports of a slowing car market, the company said. Customer numbers in the business had reached 54,000 against 43,000 a year earlier. Aspen Bridging, meanwhile, had lent over £10m and early repayments were in line with expectations. 'Whilst the political and economic uncertainties inherent in both the Brexit negotiations and a slowing economy remain, S&U continues to demonstrate its historic ability to produce excellent results and strong, sustainable growth,' chairman Anthony Coombs said. 'We are confident that will continue.' Story provided by

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