Janus Capital misses by $0.01, misses on revs; increases dividend :
- Reports Q1 (Mar) earnings of $0.19 per share, $0.01 worse than the Capital IQ Consensus of $0.20; revenues fell 5.4% year/year to $248.5 mln vs the $254.84 mln Capital IQ Consensus.
- Average assets under management during the first quarter 2016 were $180.2 bln compared with $191.2 bln during the fourth quarter 2015 and $186.0 bln during the first quarter 2015.
- At March 31, 2016, JCG's complex-wide assets totaled $191.3 bln compared with $192.3 bln at December 31, 2015, and $192.4 bln at March 31, 2015. The decrease in complex-wide assets during the first quarter 2016 reflects net market deprecation of $1.3 bln and long-term net outflows of $0.3 bln, partially offset by exchange-traded product net inflows of $0.6 bln.
- Fundamental equity (Janus and Perkins equity flows) and fixed income long-term outflows of $0.9 bln and $0.1 bln, respectively, each in the first quarter were partially offset by mathematical equity long-term net inflows of $0.7 bln.
- Additionally, the Board of Directors approved a 22% increase in the Company's regular quarterly dividend to $0.11 per share from $0.09 per share
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