Medibank share price drops after results — dividend lift, premium hike and what investors watch next
Medibank shares fell 6.2% to A$4.50 after half-year results showed underlying net profit after tax slipped 0.3% to A$297.8 million. The insurer will raise premiums by an average 5.10% from April 1, above the industry average. Interim dividend increased 6.4% to 8.3 Australian cents a share. Net investment income dropped 17.1% to A$94.9 million.
