IAG trades ex-dividend; yields 6.5% fully franked

Leading insurance company Insurance Australia Group (ASX: IAG) trades ex-dividend today. On August 22nd, the company reported a 69% increase in insurance profit, and raised its full year dividend by 112% to 36 cents.

The fully franked final dividend of 25 cents will be paid on 9 October 2013 to IAG shareholders on the register at the close of business on 11 September 2013.

IAG shares have fallen 35 cents today to $5.50 (25 cents of that fall being the ex-dividend), and trade on an attractive trailing dividend yield of 6.5%. By comparison, QBE Insurance (ASX: QBE) trades on a forecast dividend yield of around 3%.

IAG’s dividend yield is attractive, for sure. But what if I could find you another great dividend paying stock (fully franked), one vetted and recommended by one of The Motley Fool’s top investment advisors?

You can discover The Motley Fool’s favourite dividend idea for 2013-2014 by clicking here. The “The Motley Fool’s Top Dividend Stock for 2013-2014” report is absolutely free.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.