M&G hikes dividend payouts in first set of results since Pru demerger

Shares in asset manager M&G have risen today after it raised dividend payments as it unveiled its first full set of results since demerging from Prudential in 2019. 
The group increased the final dividend by 2.6 per cent to 12.23p per share, from 11.92p in 2019, as it said its balance sheet remained 'robust' after having generated nearly £1billion in 2020.
The hike in dividends comes despite the group reporting lower pre-tax profits of £788million in 2020 - although most of the 31.4 per cent fall is down to increased costs associated with becoming an independent business.
Dividend hike: Asset manager M&G increased the final dividend by 2.6 per cent to 12.23p

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