Standard life increases 2012 final dividend by 6.5% and pays special dividend

DividendMax Ltd.

Standard life increases 2012 final dividend by 6.5% and pays special dividend

Progressive dividend up 6.5%

  • Final dividend up 6.5% to 9.80p, making a total of 14.70p for the year (2011: 13.80p)

Special dividend of 12.80p (£302m)

  • Strong capital position supports special dividend of 12.80p (£302m)

David Nish, Chief Executive, commented:

“Standard Life has delivered a substantial increase in profitability and has a strong capital position supporting increased dividends for our shareholders.

“We have been building strong positions in our core markets. In the UK we are ready to benefit from the significant changes to the market and the increased customer need for savings products. In Standard Life Investments we have one of the world's leading asset managers whose reach and scale is increasingly global. Canada is performing well under its new management team. In Asia we are building exciting businesses in our chosen markets which are full of potential, opening branches in Singapore and Dubai. Our Indian businesses go from strength to strength.

“Standard Life has undergone considerable change over the past three years. As a result we now have significant opportunities for further strong and sustainable growth.”

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