Capital position strengthened by Aussie business sale
Aviva has said its capital position has strengthened with the sale of its Australian business and that no decision on its dividend has been made, Dow Jones reports.
The comments follow analyst concerns that Aviva might have to cut its dividend in order to conserve its capital base amid a challenging business environment and the economic recession.
"No decision on the dividend has been made. It is a matter for the board to decide in due course. Also, we have demonstrated that our strong capital position has been further enhanced by some recovery in equity markets and the sale of our Australian business," Aviva spokeswoman Hayley Stimpson said.
