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Chesnara PLC hikes 2018 interim dividend to 7.21p

John Deane, chief executive of Chesnara Plc (LON:CSN) tells Proactive's Andrew Scott the first half saw them generate more than sufficient cash to fund their dividend strategy.

The life and assurance pensions company hiked its interim dividend to 7.21p from 7.00p the year before.

Deane says they're making good progress with the Scildon development programme, where there's been a 29% increase in the sales of term contracts compared to the first half of 2017.

Quick facts: Chesnara PLC

Price: 325 GBX

LSE:CSN
Market: LSE
Market Cap: £487.7 m
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Full interview: Chesnara confident about dividends after 'steady' interims

Life and pensions group Chesnara (LON:CSN) expects to maintain its dividend policy even though current market conditions are putting pressure on the cash it generates. CEO John Deane talks Proactive London through the company's half year results with the company dividend up for the fifteenth...

on 30/8/19

2 min read