FBD investors could be in line for another special dividend
The insurer is also looking to exit the London Stock Exchange in a boost to Euronext Dublin
Since 2021 insurer FBD has proved itself as a reliable source of income with a steady €36 million issued in its annual dividend.
It might also start getting a reputation for distributing extra cash as Tomás O'Midheach, the company’s chief executive, hinted it may deliver a special dividend mid-way through the year if market conditions remain attractive.
The Irish-owned company reported strong results on Friday with profits climbing 23.6 per cent in 2023 to €81.4 million while insurance revenues rose 5.6 per cent to €413 million. The robust results allowed the company to declare a dividend of 100 cents per share, in line with the amount delivered in 2022 and 2021.
