Prudential PLC shares skid on dividend worries


  • Business
  • Wednesday, 26 Feb 2003

LONDON (AP) - The stock of Prudential PLC skidded Tuesday after Britain's second-largest insurer posted a slight increase in 2002 profit but suggested it might halt dividend payments in 2003. 

Prudential, which is not related to insurer Prudential Financial Inc. of Newark, New Jersey, said achieved operating profit for 2002 climbed 2 percent to 1.133 billion pounds (US$1.80 billion), matching analysts' forecasts. 

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