Dividend Stocks AXA Asia Pacific (AXA)

AXA Asia Pacific (AXA) is a diversified financial services company that has been operating in Australia for over 100 years.

The company’s main products are spread across investments, insurance, retirement and superannuation

AXA recently confirmed a 19% fall in 1H10 net profit to $219.2 million, from $270.4 million a year earlier.

The result was affected by a $16.5 million loss in investment earnings, as operating profit actually rose 6% to $270.3 million.

AXA reported the strongest growth in its South East Asian operations, which were characterised by an increase in sales and fee revenue.

AXA also declared an interim dividend of 9.25 cents, which was unchanged from last year.

AXA has been one of the hot stocks in recent months following a takeover offer from NAB, and will be one of the stocks to watch in coming months as a resolution to the takeover nears.