Chesnara plc announce an interim dividend of 8.12p per share

DividendMax Ltd.

Chesnara plc announce an interim dividend of 8.12p per share

TheChesnara Board has declared a 2022 interim dividend of 8.12p per share (HY 2021 interim dividend of 7.88p), which is a 3% increase compared to HY 2021 and extends the period of uninterrupted dividend growth to 18 years.

Other finacial highlights include:

Completion of the Sanlam Life & Pensions and Robein Leven transactions

Proposed acquisition of Conservatrix's insurance portfolio in the Netherlands

Positive divisional commercial cash generation of £18.6m

Strong solvency of 195%, above usual 140-160% operating range

Economic value ("EcV") of £526.7m (351p per share)

Companies mentioned