AXA halves dividend amid regulatory pressure

May pay special dividend in Q4

David Brenchley
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AXA is the latest company to cut its dividend
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AXA is the latest company to cut its dividend

Insurer and asset manager AXA has announced it will halve its dividend amid pressure from regulators on firms to rethink their shareholder distributions during the Covid-19 pandemic.

AXA said it would slash its payout, due on 9 July, to €0.73 per share, from €1.43, after the European Insurance and Occupational Pensions Authority (EIOPA) and the Autorité de Contrôle Prudentiel et de...

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