Medibank Private Proposes Final Dividend of 8.3 AU Cents Per Share (ASX:MPL)

<WIRE> Medibank Private Proposes Final Dividend of 8.3 AU Cents Per Share (ASX:MPL)

Friday, 8 September 2023

Medibank Private (ASX:MPL) has proposed its final dividend to be 8.3 AU cents per share.

Looking forward, the company is targeting to record a 1.5% to 2.0% resident policyholder growth by the fiscal year 2024.

The estimated costs for further IT security uplift for fiscal 2024 are expected to range between A$30M and A$35M.

The company is planning on A$20M of productivity savings over the course of FY24 and FY25.

An increase of 2.6% is projected for the underlying claims per policy unit in FY24.

Furthermore, Medibank Private anticipates a relative moderation in resident industry growth for FY24, compared to FY23.

The company plans to continue its trend of strong capital generation.

Medibank Private is an Australian health insurance provider.

<SPON> Trade share CFDs with Plus500

Apr 4, 2022

Global online trading services company, Plus500:

Plus500 trading platform allows you to trade shares from all popular markets such as USA, UK, Germany and more, with leverage and low spreads. Using our advanced trading tools, you can also control your profits and losses.

Plus500AU Pty Ltd, AFSL #417727 issued by Australian Securities and Investments Commission. Based in Sydney.

LINK

<AD>

<WIRE> Medibank Private Proposes Final Dividend of 8.3 AU Cents Per Share (ASX:MPL)

Supported by

<SPON> Trade share CFDs with Plus500

Subscribe to the newsletter