One of the shares I own, Aberdeen Asset Management (ADN on the London Stock Exchange), just released its final results for the year. And they were good. I sometimes doubt my value dividend growth strategy, as I tend to go for shares with a pretty low PE ratio. But they always seem to do pretty well in the long-run, and likewise with Aberdeen Investment Management’s latest results. This is great news, and somewhat of a relief, since shares in ADN have fallen in value since I bought them in the Summer. Now, I know that if the price falls, that just means that the yield is basically higher, but if it falls too much, that starts to sow seeds of doubt in my mind. And that is never a good thing. If you have worked out a good strategy, or just follow one that is proven to be a good, long-term approach, then you shouldn’t have to doubt your choices.

Luckily, it always seems to work out just fine over the long-haul, so I really should not allow these seeds of doubt to sprout and take root in my mind. Today’s figures show that my decisions were justified, I moved in the right direction. Take a look:

Aberdeen Asset Management’s:

• revenue is up 4%;
• assets under management are up 62%;
• performance fees reduced by over 50%;
• net revenue now stands at £1.12 billion;
• dividend is thus being raised by a cosy 12.5% (YES!).

I like this. It seems as though ADN are also moving in the right direction. They recently completed their acquisition of Scottish Widows Investment Partnership (SWIP), and ADN are already seeing greater cost efficiency as a result – and this aspect is ahead of their expectations. This is on the back of many other acquisitions and new market ventures since their beginnings as a company in 1983 (it was a single trust prior to this, so the history actually goes back further). Part of these market expansions are in Asia, which had not returned great profits of late, but the overall company seems to be doing well in spite of this.

I bought Aberdeen Asset Management in late July. At the time of writing, ADN is up almost 4% on this news, but since the price had gone down since I bought them, this means my shares are up just above 1% overall. I have no plans to sell it whatsoever. This means I should get an income of around £9-10 from Aberdeen Asset Management for 2015. I know it’s only small, but I do not have huge amounts to invest right now, and I have to keep my pension investments separately for tax purposes.

What do YOU think about Aberdeen Asset Management? Is there a different share you prefer in this sector? Let me know your thoughts. Leave a comment below 🙂