Home News Hannover Re promises stable dividend – Wirtschaftwoche

Hannover Re promises stable dividend – Wirtschaftwoche

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FRANKFURT (Dow Jones) – Reinsurance Group Hannover Re has the dividend target of EUR 2 for 2009 reaffirmed in 2010 and a similarly high dividend in Views provided. "The aim is also future a reliable dividend pay similar amounts to, if We achieve our earnings targets, " Hannover Re’s chief Ulrich Wallin as "Industry Week" (Wirtschaftwoche). In Crisis in 2008 Hannover Re had paid no dividend.
Hannover Re had reserves at the pouring, because Provisions for natural disasters in 2009 were not required the magazine wrote. In these reserves, the company could in Dividends for 2010 to fall back. The dividend yield of currently 6% for a payout of EUR 2 for 2009 was already attractive, "said Wallin," I have rather than a stable dividend, a from year to year, fluctuating. "
Website: www.wiwo.de
DJG / apo
END) Dow Jones Newswires
January 24, 2010 05:58 ET (10:58 GMT)
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