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Banca Generali boosts full-year dividend as interest income doubles

Reuters

(Reuters) - Italy's Banca Generali will pay a dividend of 2.15 euros ($2.31) per share, up from 1.65 euros per share a year earlier, it said on Thursday.

The dividend represents a total payout of 77% of 2023 consolidated net profit.

The asset manager controlled by insurer Generali also posted a 110% rise in full-year net interest income (NII) to 304.4 million euros.

($1 = 0.9294 euros)

(Reporting by Philippe Leroy Beaulieu; Editing by David Goodman)