By Frank Prenesti
Date: Tuesday 01 May 2018
LONDON (ShareCast) - (Sharecast News) - Aviva on Tuesday said it would start a £600m share buy-back as it plans to spend £2bn of excess capital.
Along with the buy-back, Aviva said it planned to cut debt by £900m and spend £500m on bolt-on acquisitions.
"The dividend yield on Aviva shares currently stands at 5.2%, and with the dividend expected to grow further, the board believes a buy-back is a compelling use of Aviva's excess capital," the company said.
Aviva said it Citigroup would conduct the share buy-back programme on its behalf. The programme will end no later than 31 December 2018.
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Currency | UK Pounds |
Share Price | 479.90p |
Change Today | 0.80p |
% Change | 0.17 % |
52 Week High | 497.00p |
52 Week Low | 369.20p |
Volume | 26,977,538 |
Shares Issued | 2,689.77m |
Market Cap | £12,908m |
RiskGrade | 140 |
Value |
---|
Price Trend |
---|
Income |
---|
Growth |
---|
Strong Buy | 4 |
Buy | 4 |
Neutral | 6 |
Sell | 1 |
Strong Sell | 0 |
Total | 15 |
Latest | Previous | |
---|---|---|
Final | Interim | |
Ex-Div | 11-Apr-24 | 24-Aug-23 |
Paid | 23-May-24 | 05-Oct-23 |
Amount | 22.30p | 11.10p |
Time | Volume / Share Price |
16:39 | 1,079,187 @ 479.90p |
16:42 | 49,879 @ 479.66p |
16:51 | 43,167 @ 479.90p |
16:51 | 12,809 @ 479.90p |
16:51 | 43,167 @ 479.90p |
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