Old Mutual shares jump

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Shares of Old Mutual jump in Johannesburg as the financial services group says it will pay out 1 billion pounds ($1.58 billion) in a special dividend of 18 pence per ordinary share.

Old Mutual sold its Nordic business in 2011 for $3.34 billion. The insurer says it will use the remainder of the proceeds to reduce debt.

Old Mutual shares are up 2.9 percent at 18.89 rand, outpacing a 0.37 percent drop in the benchmark Top-40 index. - Reuters

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Anonymous, wrote

IOL Comments
07:56am on 4 February 2012
IOL Comments

Check the price quoted!

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Oom Johan, wrote

IOL Comments
07:21pm on 3 February 2012
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How about some bonus on their with-bonus life anuities?Would make a welcome difference.

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