Prudential shares move up after dividend hike

Prudential's results digested well throughout the day, leaving the firm's shares up 8.45 per cent. Our reporter Cathy Adams:

Insurer Prudential hiked its dividend by a larger-than-expected 16 per cent this morning, as strong Asian growth drove a jump in profits.

Prudential shareholders will receive a total dividend of 29.19p a share, a 16 per cent increase year on year.

The dividend increase comes as the insurer posted a 54 per cent jump in pre-tax profit to £2.8bn.

(Full article)

(Source: Yahoo! Finance)