May 23, 2013

Aviva dividend cut and share price falls 12 percent

The Aviva dividend has been cut as the company reported a loss of £3.1bn following a £3.3bn write-down pertaining to the selling off of its business in the US.

Aviva’s final dividend was cut from 16p to 9p as the company said it will pay off some of its debt with the reduction in dividend.

Its share price fell by 12 percent following the announcement.

Read More: FT.com

 

Speak Your Mind