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Old Mutual withholds half-year dividend amid COVID-19 uncertainties

Insurer Old Mutual has reported that it’s withdrawn its half year dividend and will look at the possibility of a full year dividend once the economy’s recovery path is clearer. Adjusted headline earnings per share declined by 66 per cent driven by lower new business sales volumes, volatile markets as well as the raising of short-term provisions in anticipation of worsening mortality. Old Mutual CEO, Iain Williamson joins CNBC Africa for more.

Tue, 01 Sep 2020 11:32:33 GMT

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