Austbrokers Holdings

Austbrokers Holdings (AUB)

Stock Code

AUB

Stock Exchange

ax

Austbrokers Holdings Limited is involved in the business of insurance broking and it is also offering financial products and services from several years. It was listed on 16 November 2005 in the asx with the ticker symbol AUB. The company invests in insurance brokers and underwriting agencies. Insurance broking is the core business of the consolidated entity. Network members also distribute ancillary investment products and conduct underwriting agency businesses. The brokers derive the bulk of their revenue from a mixture of commission from underwriters and fees charged to clients.

Austbrokers Holdings Dividends

1 September, 2010 - 13:39

Peruse the dividend history for AUSTBROKERS HOLDINGS LIMITED. Dividends are a distribution of a company's profit to its shareholders and paid out in the form of a cash dividend. You are eligible to receive AUB dividends if you own the AUSTBROKERS HOLDINGS LIMITED shares on the ex-dividend date. Traders and investors must purchase the stock before the exdividend date to be entitled to the dividend. The previous owner of the shares will receive the AUB dividend if you buy the stocks on or after the ex dividend date.

Austbrokers Holdings (AUB) Share Recommendation


UBS have downgraded their recommendation for the Austbrokers Holdings (AUB) stock from Buy 2 to Neutral 2 with the share price target falling by 10 cents to $3.50. The downgrade comes as insurance premiums remain weak and as a result the broker has lowered FY06 earnings expectations by 6.4%. However, the UBS forecast remains above the prospectus forecast.

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