QBE Insurance Group Ltd
Looking back at QBE Insurance Group Ltd’s(ASX: QBE) track record of shareholder payouts does not exactly fill an investor with a great deal of confidence. That’s because, over the last 10 years, the insurance company has cut dividends per share at an annualised rate of 4.5%.
Clearly, that’s disappointing, but QBE has been undergoing a challenging period and, looking ahead, the future for dividend payments seems to be much brighter than the past. That’s because QBE is rationalising its business and making the necessary changes to be able to build a more profitable business in future.
And, with it forecast to grow dividends per share (rather than cut them) by 21.6% per annum over the next two years, its current yield of 3.2% could become much juicier and more appealing over the medium term.
QBE Price at posting:
$11.30 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)