Hamilton Lane raises full-year dividend target by 11%
HLNE•Hamilton Lane raised its full-year dividend target by 11% from the prior year to $2.40 per share. Fiscal Q2 revenue was $204.4 million and adjusted EPS was $1.98.
1. Dividend target raised
Hamilton Lane set a full-year dividend target of $2.40 per share, up 11% from the prior year. Fiscal Q2 revenue rose to $204.4 million, and adjusted EPS was $1.98. Revenue growth was driven by management and advisory fees and higher incentive fees; fee-earning AUM in specialized funds rose $8.8 billion year over year, aided by a $1.3 billion secondary-fund closing in Q2.
