Muldoon: dividend not on cards this year

FBD chief executive Fiona Muldoon says that there has to be ‘full-year profit’ at insurer before discussion about payment could take place

5th March, 2017
More work needed on insurance costs, says FBD chief executive Fiona Muldoon. Picture: Maura Hickey

Shareholders in FBD will have to wait another year at least to see the company restore its dividend payment as the insurer rebuilds profits, according to its chief executive, Fiona Muldoon.

FBD axed its dividend more than two years ago following a string of profit warnings and a capital raising to boost its solvency levels. The insurance industry has been hit by several years of losses on the back of a flood of costly motor...

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