Lorne Park Capital Partners Inc. Boosts Dividend: A Win for Shareholders

Lorne Park Capital Partners Inc. (TSXV: LPC) has announced a 14% increase in its quarterly dividend, reflecting the company's strong financial performance and commitment to returning value to shareholders. The new dividend, effective July 3, 2024, will be $0.057 per share, up from the previous $0.05 per share. This increase is a testament to LPCP's growth and success in the wealth management industry.



The dividend increase comes on the heels of LPCP's strategic partnership with Sakara Capital Inc., announced on December 17, 2024. This collaboration has allowed LPCP to offer its clients access to institutional-quality private equity investment capabilities, further diversifying its investment offerings and driving growth in assets under management (AUM). As of June 30, 2024, LPCP's AUM stood at $3.24 billion, up from $2.68 billion a year earlier.

The increase in AUM, coupled with the company's stable revenue growth, has led to growing profitability and share price appreciation. LPCP's revenue for the six-month period ended June 30, 2024, was $17.0 million, an increase of $2.5 million or 17.0% compared to the same period in 2023. This growth in revenue, driven by the increase in AUM and the fees charged on these assets, has enabled LPCP to increase its dividend payouts to shareholders.

The dividend increase is a positive sign for LPCP shareholders, as it indicates the company's confidence in its financial performance and ability to generate cash flow. By distributing a larger portion of its earnings to shareholders, LPCP can attract and retain top talent in the investment management and wealth advisory industries, further enhancing its competitive edge.

Moreover, the dividend increase allows LPCP to reinvest in its business and drive growth by expanding its product offerings, growing its AUM, and enhancing shareholder value. The company's strategic partnership with Sakara Capital Inc. is just one example of LPCP's commitment to innovation and diversification, which can lead to further dividend increases and share price appreciation in the future.

In conclusion, Lorne Park Capital Partners Inc.'s 14% increase in its quarterly dividend is a clear indication of the company's strong financial performance and commitment to returning value to shareholders. By reinvesting in its business and driving growth, LPCP can continue to enhance shareholder value and maintain its competitive position in the wealth management industry. As a shareholder, you can take comfort in knowing that your investment in LPCP is in good hands.