Legal and General hikes divi as profits grow

Life insurance and pensions group Legal and General hiked its interim dividend by almost a fifth as the group expressed 'resilience' amidst tough conditions.

Life insurance and pensions group Legal and General hiked its interim dividend by almost a fifth as the group expressed 'resilience' amidst tough conditions.

The half-year dividend per share was raised by 18% from 1.66p to 1.96p, while basic earnings per shares rose 14% from 6.13p to 6.96p. Pre-tax profit in the six months to June 30th increased by 11% from £471m to £525m.

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