Axa To Make Dividend Decision In Feb 2010
30 September 2009 - 12:04AM
Dow Jones News
Axa SA (AXA) Chief Executive Henri de Castries said Tuesday that
the French insurer will make its decision about ongoing dividend
payments in February 2010.
In slides of a presentation at a financial conference in London,
de Castries said that although the company had maintained its
long-term plan to distribute 40% to 50% of adjusted earnings,
extreme market conditions pushed this figure down to 25% in
2008.
He said Axa has historically always been able to finance mergers
and acquisitions and that its focus in this respect is currently on
emerging markets. However, he said attracting clients and teams is
an alternative to mergers and acquisitions.
Company Web site: www.axa.com
-By Digby Larner, Dow Jones Newswires; +33 1 4017 1748;
digby.larner@dowjones.com