Direct Line Group declares special interim dividend of 4p

28th Nov 2013 14:43

The largest retail insurer in the UK, Direct Line Group, on Thursday afternoon announced that it had completed the sale of Direct Line Life InsuranceCompany, its British closed life insurance business, to Chesnara. As the company had previously disclosed in early October, it has chosen to return the inorganic capital generated by the disposal to shareholders by means of a special dividend. The sale was expected to generate proceeds of £62m.In line with the above, the company has confirmed that it will pay-out a special interim dividend of 4p per share.As of 14:43 shares of Direct Line Insurance group are rising by 0.09% to the 229.7p mark. AB