LONDON, March 9, 2011 /PRNewswire-FirstCall/ -- In a video interview with financial broadcaster http://www.cantos.com, Prudential's Group Chief Executive Tidjane Thiam explains the rationale behind the 20% hike in the Pru's dividend:
"We set the dividend after having looked at our growth opportunities. And we have many of those, particularly in Asia. We can invest our shareholders' funds with rates of returns largely in excess of 20% and pay back of four years or less, which means that you get your money back in four years. That's very good."
Announcing positive results, he also confirmed the company's ambitious growth targets of doubling Asian new business and IFRS profits by 2013 based on a strategy of investing in high growth Asian markets.
In an accompanying video interview, Nic Nicandrou, Chief Financial Officer, runs through the financial detail of the results and explains Prudential's strategy for managing risk and capital.
The interviews and transcript are available now on http://www.cantos.com/company/Prudential.
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SOURCE Prudential Plc