Mortgage Advice Bureau to issue its first-ever dividend

The Mortgage Advice Bureau, which operates largely out of estate agents’ branches, has grown its adviser numbers to nearly 800.

There were 779 advisers as of September 18, up from 529 in June 2014.

MAB floated on AIM last November, with shares priced at 160p.

Yesterday, they were at 287.50p.

The firm, founded by CEO Peter Brodnicki, has issued its interim results to the end of June this year, showing revenue up 28% to £31.2m, with pre-tax profits up 28% to £3.9m.

The firm will be paying a 4.9p dividend per share, and said it is confident of a strong end to this year.

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2 Comments

  1. wilko

    I remember when this company first started. They have a great model and and their growth has been down to great service to both agents and clients alike.

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  2. Joshua Rayner

    HUGE congratulations to Peter and the team! phenomenal business

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