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Suncorp Group Limited (ASX:SUN) will pay a higher than expected full year dividend of 75 cents after finalising the $940 million sale of its non-core asset portfolio to Goldman Sachs.
Suncorp Financial says it will pay a final ordinary dividend of 30 cents per share and a special dividend of 20 cents, beating market expectations.
Suncorp says the group is in a position to pay "well above" its dividend payout guidance of 60 per cent to 80 per cent of cash earnings, now that the non-core bank overhang has been removed.
Net profit from core businesses is expected to come in between $1.21 million to $1.25 million, up from $1.03 million last year.
Suncorp delivered a net profit of $577 million in the first half of fiscal 2013.
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Last
$19.70 |
Change
0.030(0.15%) |
Mkt cap ! $23.46B | |||
| Open | High | Low | Value | Volume |
| $19.59 | $19.71 | $19.48 | $35.18M | 1.789M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2065 | $19.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.70 | 80233 | 7 |
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| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| SUN (ASX) Chart |
