Topdanmark rises as dividend beats forecast

Topdanmark A/S

24/01/2023 08:16

** Shares in Topdanmark  TOP.CO  rise more than 3% after the
Danish insurance company proposes higher-than-expected dividend
for 2022
    ** It proposes dividend of DKK 53.5 per share, 127% higher
than in 2021, exceeding consensus by 7.6% according to Jefferies
     ** "The one area where the group did notably exceed
expectations was on the one-off special dividend," Jefferies
says, adding that Q4 earnings and 2023 guidance were below
expectations
    ** The stock among top movers on the pan-European STOXX 600
index  .STOXX 
 (Reporting by Marta Frackowiak)
 ((marta.frackowiak@thomsonreuters.com))