Suncorp share price: Why SUN.AX slid 4.6% after the dividend cut-off and a fresh buyback update
Suncorp shares fell 4.6% to A$14.80 on Monday after going ex-dividend, closing below recent buyback prices. The insurer repurchased 376,757 shares for A$5.83 million on Feb. 20, lifting the buyback total to about 9.4 million shares. The dividend record date is Feb. 24 for a 17-cent payout.