The insurance and investment group declared a final dividend of 51 cents per share, taking the full dividend for the year to 76 cents
Old Mutual declared a final dividend in its 2022 financial results and announced a share buyback plan to further augment shareholder distributions. That followed a year of strong sales growth and the continued waning of the Covid-19 pandemic’s effects.
The insurance and investment group declared a final dividend of 51c per share, taking the full dividend for the year to 76c, which once adjusting for the effect of the Nedbank unbundling was 13% up from the prior year. Old Mutual said it had also earmarked between R1bn and R1.5bn for a share buyback and has requested approval to do so with its board and the Prudential Authority...
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
S.African insurer Old Mutual posts 10% rise in FY profitSouth African insurer Old Mutual Ltd reported on Tuesday a 10% rise in full-year profit as it benefitted from a drop in mortality claims in its biggest life insurance business.
Read more »
Old Mutual reports 10% jump in profits on Covid reboundThe insurer noted that the challenging economic conditions currently playing out in SouthAfrica continue to impact its retail customers. OldMutualSA Moneyweb economy
Read more »
UAE's ADNOC Gas shares surge 19% in $2.5bn IPOShares in the United Arab Emirates' ADNOC Gas rose 19 percent in their first day of trading on Monday in a $2.5-billion initial public offering.
Read more »
Qualtrics accepts $12.5bn offer from Silver LakeControlling shareholder SAP agreed to the $18.15-per-share offer and said it would get about $7.7bn for its stake
Read more »
ADEKEYE ADEBAJO: Nigerian election: no country for old menWest African state’s challenges are enormous and will require dynamic leadership
Read more »