FBC declares $1bln dividend

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Fidelity said core revenue was driven by the life assurance businesses.

FBC Holdings has declared a dividend of $1,49 per share amounting to about $1 billion following a stellar performance during the year ended March 31, 2022, through which it saw a profit of $4,3 billion.

This is over and above the interim dividend of $0,30 per share which it paid in October 2021. The total dividend declared for the year 2021 amounts to $1,2 billion which includes the interim dividend of $200 million.

This dividend translates to approximately 5,71 times cover, which is 17 percent of the historical cost profit after tax of the financial services group.

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