Genworth Australia said it plans to sell between 195m -260m shares at between $2.20 - $2.90 a share to individual investors and fund managers
Genworth is priced at an indicative dividend yield of 6.7% to 8.9%. Dividend yield is calculated as the implied dividend based on FY14F with a payout ratio of 55% This can moved in the future anywhere from 50% to 70%
Underlying NPAT FY14F IS 231.1 up from FY13 220.9 Profit before income tax FY13 IS 254.4 FY14F 332.1
