Prudential to Boost Dividend by 20 Percent, Telegraph Reports

Prudential Plc (PRU) will raise its half- year dividend by 20 percent this week on better interim earnings and a bid to improve its relationship with investors, the Sunday Telegraph reported, citing analysts.

The dividend will jump to 7.95 pence a share on operating profit of 970 million pounds ($1.6 billion), the newspaper said. The London-based insurer raised its dividend by 20 percent in March after 2010 profit beat expectations.

To contact the reporter on this story: Abigail Moses in London at Amoses5@bloomberg.net.

To contact the editor responsible for this story: Paul Armstrong at Parmstrong10@bloomberg.net.

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.