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Insurance Australia Group Updates Dividend Distribution Details

Story Highlights
  • Insurance Australia Group Limited offers general insurance products and is listed on the ASX.
  • The company corrected its dividend announcement, affecting the tax treatment for foreign investors.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Insurance Australia Group Updates Dividend Distribution Details

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Insurance Australia Group Limited ( (AU:IAG) ) has shared an update.

Insurance Australia Group Limited announced a correction to its previously declared dividend distribution, specifying that the unfranked amount per ordinary share is now considered conduit foreign income. This update, which applies to the financial period ending December 31, 2024, impacts stakeholders by clarifying the nature of the dividend income, potentially influencing the tax implications for international investors.

More about Insurance Australia Group Limited

Insurance Australia Group Limited operates in the insurance industry, providing a range of insurance products and services primarily focused on general insurance. The company is known for its extensive market reach and is listed on the Australian Securities Exchange under the code IAG.

YTD Price Performance: -6.32%

Average Trading Volume: 2,786

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $11.39B

Find detailed analytics on IAG stock on TipRanks’ Stock Analysis page.

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