Old Mutual to blow a billion on special dividend

South African savings, investments and insurance group Old Mutual has announced plans to pay a special dividend of 18p per share out of the proceeds from the sale of its Nordic business.

South African savings, investments and insurance group Old Mutual has announced plans to pay a special dividend of 18p per share out of the proceeds from the sale of its Nordic business.

The special dividend is expected to be made in early to mid-June of this year.

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