Suncorp – Special Dividend

Suncorp Group FY19 cash earnings of A$1.15bn are mostly inline with estimates.

The insurance margins are ahead of forecasts and the positive surprise that has lifted the share price is the announcement of the $0.44 final dividend plus $0.39 capital return.

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The capital return of $500m is expected on the 24th of October subject to approval at the AGM.

 

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