GQG Partners (ASX:GQG) Declares Third-Quarter Dividend as Funds Under Management Reach USD 149.2bn

Aditi Sarkar

26 October 2026 03:01 PM AEDT

GQG Partners (ASX:GQG) Declares Third-Quarter Dividend as Funds Under Management Reach USD 149.2bn

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Highlights

GQG Partners (ASX:GQG) declared a 3Q26 dividend of USD 0.0327 per share or CDI, representing 90% of distributable earnings.
The dividend has 0% franking, while the quoted dividend yield for 26 October 2026 is 13.88%.
September funds under management were USD 149.2bn, with USD 2.3bn of net outflows offset by USD 2.4bn of investment performance.
In 1H26, net revenue was USD 397.2mn, down 1.4% YoY, and net income was USD 228.4mn.

GQG Partners Inc. (ASX:GQG) is a US-headquartered investment manager providing actively managed equity portfolios to institutional investors, advisers and individuals across international markets. In October 2026, the company declared a third-quarter dividend of USD 0.0327 per share or CHESS Depositary Interest (CDI), equivalent to approximately AUD 0.0467, representing 90% of the quarter’s distributable earnings. The dividend is unfranked, and GQG Partners (ASX:GQG) had a quoted dividend yield of 13.88% as at 26 October 2026. The declaration followed its September funds-under-management update, which detailed continuing client withdrawals alongside positive investment performance.

Company Business

GQG Partners (ASX:GQG) manages actively selected equity portfolios across international, emerging markets, global and US investment strategies. Its clients include pension funds, sovereign wealth funds, financial institutions, wealth managers and individual investors. The business is headquartered in Fort Lauderdale, Florida, and operates internationally through its investment-management subsidiaries.

Management fees calculated primarily as a percentage of funds under management (FUM) generate most revenue. Consequently, investment-market movements, client contributions and withdrawals, and the mix of managed strategies influence reported fee income. Performance fees represent a smaller proportion of revenue.

Recent Development: October Dividend and September FUM

GQG Partners (ASX:GQG) announced its 3Q26 dividend in mid-October. The Board set the distribution at USD 0.0327 per share or CDI, equivalent to AUD 0.0467 using the applicable currency conversion, with the dividend representing 90% of quarterly distributable earnings. The ex-dividend date was 20 October 2026 and the record date was 21 October 2026. Its stated dividend framework targets an annual payout ratio of 50% to 95% of distributable earnings, with dividends generally expected to be unfranked.

The company also reported USD 149.2bn of FUM as at 30 September 2026, unchanged on the rounded August balance. September net outflows of USD 2.3bn were offset by USD 2.4bn of positive investment performance. For 3Q26, net outflows totalled USD 11.1bn and investment performance contributed USD 4.4bn. Over the nine months to September, outflows reached USD 26.2bn and investment performance added USD 11.6bn.

Financial Performance and Sector Context

For 1H26, GQG Partners (ASX:GQG) reported net revenue of USD 397.2mn, compared with USD 403.0mn in 1H25, a decline of 1.4% YoY. Net operating income was USD 301.8mn, down 1.7% YoY, while attributable net income fell 0.8% YoY to USD 228.4mn. Distributable earnings were USD 234.9mn, compared with USD 236.5mn in the comparable period.

Average FUM rose 1.0% YoY to USD 164.5bn despite net outflows of USD 15.1bn in the first half. The average management-fee realisation rate increased to 48.6 basis points from 48.2 basis points, reflecting changes in product and strategy mix. The operating margin was 76.0%, compared with 76.2% in 1H25. Total operating expenses decreased 0.5% YoY.

At 30 September, International Equity accounted for USD 69.0bn of FUM; Emerging Markets Equity and Global Equity each accounted for USD 34.2bn; and US Equity accounted for USD 11.9bn. The firm’s fee-generating asset base remains exposed to global stockmarket valuations, foreign exchange rates and institutional allocation decisions.

Risks to Consider

Client redemptions can reduce FUM and the recurring management-fee base even when investment returns are positive. Persistent relative investment underperformance may affect fund retention and new mandates. Global equity-market volatility, currency translation, strategy concentration and shifts in client allocations also influence reported assets. Dividend capacity is linked to distributable earnings, making operating performance and client flows relevant to future declarations.

What to Watch Next

GQG Partners (ASX:GQG) has scheduled its next monthly FUM announcement for November 2026. Subsequent reporting will show whether net withdrawals moderate, how investment performance influences asset balances and whether management-fee realisation changes. Investors can also monitor the composition of FUM across the four primary strategies and disclosures about the company’s next reporting period and dividend declaration.

Key Insights

GQG Partners (ASX:GQG) entered late October with an unfranked third-quarter dividend declaration and USD 149.2bn in September FUM. Positive portfolio returns counterbalanced withdrawals during the month, although nine-month net outflows remained substantial. The key measurable developments are client flows, FUM by strategy, management-fee income, operating costs and distributable earnings.

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