The insurer has announced a higher than expected payout ratio for 2017-20, thanks to its comfortable cash position. It has revised up the remitted cash from subsidiaries from £7bn to £8bn over the 2016-18 period. We have revisited our model by increasing the dividend for 2017-19. According to our updated calculation, the total shareholders’ remuneration for this period would reach £2.7bn. Our opinion remains positive with a Buy recommendation.
04 Dec 2017
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Aviva plc (AV:LON) | 460 11.5 0.5% | Mkt Cap: 12,441m
- Published:
04 Dec 2017 -
Author:
Bassem Neifer -
Pages:
3
The insurer has announced a higher than expected payout ratio for 2017-20, thanks to its comfortable cash position. It has revised up the remitted cash from subsidiaries from £7bn to £8bn over the 2016-18 period. We have revisited our model by increasing the dividend for 2017-19. According to our updated calculation, the total shareholders’ remuneration for this period would reach £2.7bn. Our opinion remains positive with a Buy recommendation.