Suncorp Stock Rises 2.6% as Buyback, Dividend and Flood Risk Come Into Focus
Suncorp Group shares closed 2.6% higher at A$15.62 on Friday, outperforming the S&P/ASX 200’s 0.14% drop. The company reported about 480 insurance claims from severe flooding in Queensland and the Northern Territory this week. Suncorp’s interim dividend of 17 cents per share is due March 31. First-half natural-hazard costs reached A$1.32 billion, well above allowance.