Prudential Raises Dividend as Full-Year Profit Gains on Asia
- Raises ordinary dividend 12 percent, scraps special payout
- Profit at Asian business rises 15 percent while U.K. declines
Prudential Plc's headquarters in London.
Photographer: Jason Alden/BloombergThis article is for subscribers only.
Prudential Plc, the U.K.’s largest insurer, raised its ordinary dividend after earnings rose 7 percent, helped by a stronger business in Asia.
Operating profit increased to 4.26 billion pounds ($5.17 billion) from 3.97 billion pounds a year earlier, the London-based company said in a statement on Tuesday. Earnings declined 2 percent when adjusted for exchange-rate swings. The insurer plans to increase the full-year 2016 ordinary dividend by 12 percent to 43.5 pence per share.