Nigel Wilson of Legal & General: “We expect to deliver double-digit growth in operating profit at the full year”Legal & General has increased its dividend after hailing a robust first-half performance in which its profits rose above £1 billion. The insurance giant, which is traditionally one of the biggest dividend payers on the London stock market, said it would return £309 million to shareholders in September, after raising its interim distribution by 5 per cent to 5.18p. The dividend was better than the 5.14p expected by analysts. SponsoredL&G increased the payout after operating profits during the six months to the end of June rose by 14 per cent to almost £1.08 billion, beating expectations in the City for £999 million. Nigel Wilson, the insurer’s chief executive, said: “Thanks to the hard work and dedication of my colleagues across Legal & General, we have

Source: The Times August 04, 2021 07:41 UTC