Admiral Group says it's suspending special dividend [MarketWatch]
ADMIRAL GRP PLC UNSP/ADR (AMIGY)
NASDAQ:AMEX Investor Relations:
admiralgroup.co.uk/node/5.html
Company Research
Source: MarketWatch
U.K. insurer Admiral Group said it's suspending its planned special dividend of 20.7 pence per share but is going ahead with its normal dividend of 56.3 pence per share, payable on June 1. The company cited "regulatory guidance to insurers urging restraint on the payments of dividends due to the uncertainty of the current economic environment." Admiral said it will review the position in relation to the special dividend alongside the company's half year results, and it currently intends to pay this part of the final dividend later in the year unless there is a significant deterioration in the company's financial position, trading or outlook.
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