Axa Reduces Dividends Under Executive Pressure

2020-06-03   |   by CusiGO

AXA decided to cut the pear in half Under pressure from regulators, European heavy insurance announced on Wednesday that it intends to halve dividends paid to shareholders.

With the approval of the General Assembly on 30 June, the total amount of each payment should be reduced from EUR 1.43 to EUR 0.73. However, the panel will consider “additional payments to shareholders in the fourth quarter of 2020, up to EUR 0.70 per share, if market and regulatory conditions are favorable, equivalent to a special allocation of reserves”, He explained in a communique.