M&G PLC has announced a 2024 second interim dividend of 13.5 pence per share (2023: 13.2 pence per share) which takes the total dividend for the year to 20.1 pence, up 2% year-on-year. The second interim dividend is payable on 9 May 2025.
Other Financial Highlights Include
-
Adjusted operating profit before tax of £837 million (2023: £797 million) improved by 5%, reflecting a 19% increase in the Asset Management contribution and stable results from the Life and Corporate Centre segments.
-
IFRS loss after tax of £347 million (2023: £309 million profit) was impacted by larger losses relating to short-term fluctuations in investment returns and mismatches arising on application of IFRS 17, although benefitted from lower restructuring costs.
-
The contractual service margin (CSM) grew by 10% to £6.0 billion (31 December 2023: £5.5 billion). This was supported by a positive operating change in the CSM of £294 million, and a further £256 million mainly from favourable markets.
-
The 2024 second interim dividend of 13.5 pence per share (2023: 13.2 pence per share) takes the total dividend for the year to 20.1 pence, up 2% year-on-year, in line with M&G’s new progressive dividend policy. The second interim dividend is payable on 9 May 2025.
