Magellan Financial Group Declares Special Dividend of 30 AU Cents Per Share (ASX:MFG)

<WIRE> Magellan Financial Group Declares Special Dividend of 30 AU Cents Per Share (ASX:MFG)

Friday, 18 August 2023

The recently announced financial developments within Magellan Financial Group have had financial enthusiasts buzzing with anticipation.

For the fiscal year 2024, Magellan Financial Group (ASX:MFG) anticipates its operating expenses for its funds management business to range between A$95 million to A$100 million.

Further cost benefits are forecasted to result from changes implemented, these should start showing in FY24 and continue onwards.

Topping off this good news, a special dividend of 30.0 AU cents per share has also been declared.

Magellan Financial Group (ASX:MFG) is a prominent Australian investment company, managing a diversified portfolio of global equities and currencies.

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<WIRE> Magellan Financial Group Declares Special Dividend of 30 AU Cents Per Share (ASX:MFG)

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