Just Group yesterday reinstated a dividend, which is expected to grow over time, rewarding shareholders following 12-months of growth. The "sustainable" dividend of 1p per share will swell from 2021's pro-forma base level of 1.5p, the retirement group said in its latest financial update yesterday. Retirement income sales jumped 25 per cent to £2.7bn in the year to 31 December, which equates to around £600m worth of growth from its 2020 figure. The London-listed group also enjoyed a 13 per cent rise in new business profits, as higher volumes pulled in £225m for the full-year, with CEO David Richardson hailing it as an "excellent set of results".

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