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Actionable news in PUK: PRUDENTIAL PLC ADS (REP 2 ORD SHARES),

Prudential Raises Dividend as Full-Year Profit Gains on Asia

Prudential Plc's headquarters in London.

Prudential Plc, the U.K.’s largest insurer, raised its ordinary dividend after earnings rose 7 percent, helped by a stronger business in Asia.

Operating profit increased to 4.26 billion pounds ($5.17 billion) from 3.97 billion pounds a year earlier, the London-based company said in a statement on Tuesday. Earnings declined 2 percent when adjusted for exchange-rate swings. The insurer plans to increase the full-year 2016 ordinary dividend by 12 percent to 43.5 pence per share.

Chief Executive Officer Mike Wells is betting on Asia as he pursues the insurer’s international expansion strategy and seeks to increase the dividend by 5 percent each year and double operating profit from Asia over the five years through 2017. As competition and regulation intensified in Europe over the past years, Prudential refocused its ambitions in long-term savings and protection...


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