Suncorp to hike dividend

Suncorp has the excess capital to lift its special dividend by 17% to $300 million in 2013-14, according to CIMB Securities.

Suncorp (SUN) is primed to dish out another $300 million in special dividends to its shareholders in the second half of 2013-14, says CIMB Securities.

In a broker note to clients today, CIMB said Suncorp would be able to reward its investors with a higher one-off return this financial year because of the substantial excess capital being generated.

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