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Legal & General keeps 2020 final dividend flat due to COVID-19

Published 12/11/2020, 07:26
Updated 12/11/2020, 07:31
© Reuters. The logo of Legal & General insurance company is seen at their office in central London
LGEN
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LONDON (Reuters) - British insurer Legal & General (L:LGEN) will keep its final dividend payment for 2020 flat due to the impact of the coronavirus pandemic, it said on Thursday as it set out five-year targets ahead of an investor day.

© Reuters. The logo of Legal & General insurance company is seen at their office in central London

It said it aimed to have cash and capital generation and net surplus generation exceed dividends over 2020-2024, and for earnings per share to grow faster than dividends.

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