STOCKS NEWS EUROPE-AXA falls as dividend disappoints
Shares in AXA (Paris: FR0000120628 - news) fall 1.9 percent after Europe's No. 2 insurer unveils full-year net income and a dividend payout that come below expectations.
"The main disappointment to us comes from the dividend, which is a bit shy of estimates at 0.81 versus 0.83 euro per share by consensus," a trader says.
"This reflects a 40 percent payout versus guidance range of 40 and 50 percent, while peers are being a bit more generous".
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