Fusionex International declares dividend

Big data analytics software developer Fusionex International has decided to pay a dividend of 2.15p dividend, having appeared in its January results to rule this out.

The payout, which will amount to £1.02m in total, will be payable on 19 April to shareholders on the register as at the close of business on 29 March.

After Malaysia-headquartered Fusionex issued results in January its shares fell to 215p, their lowest level since their 2012 flotation, with investors lamenting the sharp rise in outstanding receivables payments and raising concerns about aggressive investment plans that it admitted will send it into the red this year.

Shares in Fusionex were up 14% to 166.5p by 1300 GMT on Wednesday.