New progressive dividend policy lifts Phoenix shares
Shares in insurance group Phoenix Group Holdings (PHNX), rose 1.5% to 635p following the announcement of better than expected full year results for 2021.
The market is likely to be encouraged by the new progressive dividend policy.
For 2021, Phoenix generated an operating profit of £1.23 billion, up from £1.20 billion in 2020, reflecting the contribution of a full year of profit from its ...