Genworth Mortgage Insurance Australia
(ASX:GMA) reported a 30 per cent drop in profit thanks to the crack down on investor loans and tightened controls on the lending market.
The company also says it expects to see net premiums drop by as much as 5 per cent into 2016.
However CEO Georgette Nicholas says the lesser amount of business will also be lower risk and less capital intensive.
An increased payout ratio will result in a dividend of 14 cents per share with a special dividend of 5.3 cents per share also payable thanks to capital management initiatives.
