Magellan Financial Group LtdMFG Dividend DetailsHigh retail net inflows: For its first half financial year ended December 31, 2015, Magellan Financial Group Ltd (ASX: MFG)reported an after tax profit of $109.3 million or 63.7 fully diluted earnings per share, an increase of 41% from prior corresponding period.Average monthly retail net inflows (Source: Company reports)During the period, average monthly retail net inflows stood at $214 million, compared to $123 million earlier. Average funds under management was up 44% to $38.8 billion. Interim dividend was up 38% to 51.3 cents per share from year ago period. As at February 29, 2016, net outflows of $171 million with funds under management being $38.8 billion as opposed to $39.5 billion as at 29 January 2016, was noted. Nonetheless driven by a stable dividend yield and positive financial results, we rate the stock a "BUY" at the current share price of $22.90MFG Daily Chart (Source: Thomson Reuters) IOOF Holdings LtdIFL Dividend DetailsCost synergies and high dividend yield: IOOF Holdings Ltd (ASX: IFL) in its latest interim financial results reported an 18% rise in its underlying net profit after tax of $95.4 million from its prior comparable period. Statutory net profit after tax increased to $134.0 million, up 118%. During the period, successful Shadforth integration delivered $11.3 million in pre-tax cost synergies compared to $1.7 million.Financial overview (Source: Company reports)IFL is on track to deliver in ...
