Direct Line pays special dividend along with interim payout

Contributor
Muvija M Reuters
Published
Credit: REUTERS/Suzanne Plunkett

Britain's biggest car insurer Direct Line on Tuesday boosted its interim dividend and declared a special payout to make up for cancelling its 2019 dividend, after reporting a small drop in first-half operating profit.

Aug 4 (Reuters) - Britain's biggest car insurer Direct Line DLGD.L on Tuesday boosted its interim dividend and declared a special payout to make up for cancelling its 2019 dividend, after reporting a small drop in first-half operating profit.

The midcap company reported a pre-tax profit of 264.9 million pounds ($346.38 million) for the six months ended June 30, below the 274.3 million pounds it reported a year earlier.

($1 = 0.7648 pounds)

(Reporting by Muvija M in Bengaluru; Editing by Bernard Orr)

((Muvija.M@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6749 3638; Reuters Messaging: muvija.m.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More