FBD eyes return of dividend payments

Insurance company FBD may announce a resumption of dividends to shareholders this year having scrapped the payment several years ago to combat mounting losses, according to stockbrokers Davy.

A research report by Davy last week said the company’s financial performance had improved more quickly than expected, allowing it to potentially make payments to shareholders again. The report said it could pay out about 20 per cent of its profits this year, increasing the ...