Codan results increase dividend payout

ASX-listed technology company Codan is expecting to see a bigger dividend from its recently struck mining alliance with Caterpillar, and years of investment in its sector offering, after declaring a A8.5c/share return to investors and expanding its overall business “base” by 20% in fiscal 2018.

Codan results increase dividend payout Codan results increase dividend payout Codan results increase dividend payout Codan results increase dividend payout Codan results increase dividend payout

Codan's market value also continues to swell. Its shares are up about 46% in the past 12 months to the current A$3.24, giving it a market capitalisation of A$560 million.