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Suncorp Group Limited (ASX:SUN) has hiked its dividend and announced a special dividend after its net profit soared 49 per cent in the 2014 financial year.
The Brisbane based insurance company reported a net profit of $730 million as revenue rose just over 1 per cent to $16.4 billion.Suncorp says the strong result was delivered through top-line growth, improved margins, operational efficiencies and favourable natural hazard and investment markets.CEO Patrick Snowball has highlighted simplification initiatives as drivers behind an expected $225 million in savings this financial year and $265 million in the following 2016 financial year.
A fully-franked final dividend of 40 cents per share has been declared in addition to a special dividend of 30 cents per share, both to be paid on October 1 2014.
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Last
$20.32 |
Change
-0.670(3.19%) |
Mkt cap ! $22.00B | |||
| Open | High | Low | Value | Volume |
| $20.93 | $20.95 | $20.24 | $55.02M | 2.700M |
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| No. | Vol. | Price($) |
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| 1 | 491 | $20.32 |
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| Price($) | Vol. | No. |
|---|---|---|
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| Last trade - 16.10pm 08/08/2025 (20 minute delay) ? |
| SUN (ASX) Chart |