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Suncorp rewards shareholders
Suncorp rewards shareholders

Suncorp Group will pay a bonus dividend to its shareholders after posting a 60 per cent rise in full year profit.

The insurance and banking firm made a net profit of $724 million in the year to June 30, up from $453 million in the previous year.

The company said Suncorp's transformation in recent years, focusing more on insurance, contributed to the profit result.

It declared a final, fully-franked dividend of 20 cents per share, plus a special, fully-franked dividend of 15 cents per share.

That takes Suncorp's payout to shareholders to 55 cents per share, up from 35 cents in the previous year.