Generali sees scope for higher dividends as debt falls

Italian insurer Generali (MIL:G) is aiming to pay higher dividends to investors as its turnaround plan to cut debt through a string of asset disposals and hefty cost savings starts to pay off. Chief Executive Mario Greco said his three-year business plan, when completed in 2015, would free up about 2 billion euros ($2.71 billion) a year for dividends and investments in high-growth markets including acquisitions. "Once we have reached the capital targets, we will be able to start talking about a policy of progressively higher dividends," he said, adding he saw higher dividends by 2015.

via Business News - Yahoo Finance http://finance.yahoo.com/news/generali-sees-scope-higher-dividends-174325639.html