Asset Management

Standard Life Aberdeen defies dividend mood to press ahead with £300m payout

Decision comes with companies under pressure to preserve capital amid the coronavirus crisis

Douglas Flint, chairman of Standard Life Aberdeen
Douglas Flint, chairman of Standard Life Aberdeen Photo: Getty Images

Standard Life Aberdeen, the £545bn asset manager, will go ahead with its £300m dividend payment to shareholders, claiming its business is in a “strong financial position”.

The decision stands in contrast to the UK’s five largest banks, which have all suspended dividend payments amid the ongoing Covid-19 pandemic – moves backed earlier this week by SLA's own vice-chair Martin Gilbert.

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