Suncorp shares have traded over .5% higher to $13.20 today after announcing a 1.3% increase in its half year profit results.
The company reported a net profit after tax of $537 million for the six months up to December 31, which is up from $530 million a year ago.
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This represents top-line growth of 4.3% and, based on forward guidance, will raise its fully-franked interim divided by 10% to 33 cents per share.
This 33 cent dividend represents a payout ratio of 72% of cash earnings.
