Monday, 29 July 2013

Hiscox explosive dividend policy hikes the interim dividend


Well Hiscox showed their clear intentions with regard to their dividend policy today on releasing their interim results. Their interim results today showed an increase in Gross premiums written from £906.4m in 2012 to £1017.9m in 2013 (an increase of 12.3%). As a result the interim dividend has soared from 6p per share to 7p per share giving an increase in the interim dividend of 16.7%. The board clearly want to show that they are keen to increase the dividend yield for the shareholders, fingers crossed this positive dividend growth policy will hold firm on the release of the full year results and we will see a hike in the final dividend. The interim ex dividend date is yet to be announced.

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