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Showing 41 - 50 of 1663 results for "dividend"

Challenger Life books record annuity sales

KARREN VERGARA  |  TUESDAY, 15 AUG 2023
... group reported statutory net profit after tax of $288 million, which grew 13% year on year, and paid a 24 cent per share dividend, up 4% on last year.

AMP provisions $50m in response to class action

ANDREW MCKEAN  |  THURSDAY, 10 AUG 2023
... million. AMP reported an underlying earnings per share increase of 11.8% to 3.8 cents. Further, the firm declared an interim dividend of 2.5 cents per share, which is 20% franked. "The performance of our underlying businesses continues to improve, with ...

Former advisers costs CBA $1.2bn in remediation

KARREN VERGARA  |  WEDNESDAY, 9 AUG 2023
Commonwealth Bank's $1.2 billion bad advice remediation bill represented a small fraction of its whopping $10.2 billion profit, the full-year financial results show. The total customer remediation amounted to a huge $2.6 billion in the 2023 financial ...

Tax miners, major corporates to tackle housing shortage: CFMEU

JAMIE WILLIAMSON  |  TUESDAY, 25 JUL 2023
The Construction, Forestry, Maritime, Mining and Energy Union (CFMEU) is calling for the introduction of a $28 billion annual super profits tax to close the gap in social and affordable housing. The CFMEU commissioned Oxford Independent Economics to ...

GAM investors make partial offer

JAMIE WILLIAMSON  |  THURSDAY, 20 JUL 2023
... Since 2018, GAM's share price has fallen 95% and its assets under management (AUM) have dropped 73%. It has not paid a dividend since 2018 and, according to NewGAMe modelling, is the worst performing listed company in its peer group in terms of share ...

UniSuper rides tech tailwinds to strong returns

JAMIE WILLIAMSON  |  TUESDAY, 18 JUL 2023
UniSuper achieved double-digit returns for FY23, revealing the shares that helped get it there and those that held it back. With more than $120 billion in assets under management, the fund returned 10.3% to members invested in the default Balanced option ...

Ag sector boosts Australia's productivity

KARREN VERGARA  |  TUESDAY, 11 JUL 2023
... Brennan said that the increased digital capacity Australia developed during COVID-19 could lead to a lasting productivity dividend. "Government and business should continue to embrace innovation and invest in upskilling the workforce to maintain that ...

Super gender balance gap increases

KARREN VERGARA  |  FRIDAY, 9 JUN 2023
The superannuation gender balance gap has slightly worsened, fresh Australian Taxation Office (ATO) figures reveal, as it crawls toward 21%. During the 2021 financial year men's super balance held $189,892, while women had 21% less on average at $150,922. ...

Senate Committee rethinks franking credit changes

ANDREW MCKEAN  |  TUESDAY, 6 JUN 2023
... the ability of companies to pay franked dividends following a capital raising activity. "There is no case to abolish dividend imputation because it promotes investment and the payment of corporate tax in Australia," he said. Meanwhile, the SMSF Association ...

Mercer scoops up third BT business unit

KARREN VERGARA  |  MONDAY, 8 MAY 2023
Mercer announced it will acquire BT Private Portfolio Management for an undisclosed amount after it finalised the transition of the superannuation and asset management units. Mercer will become the new owner of BT Private Portfolio Management (PPM) ...