The highly financially rated and very well regarded Scottish financial institution Standard Life paid its shareholders on 22 May 2014 its final dividend.
This FTSE-100 Life Insurer, that looks after the investments of policy holders, savers, investors and pensioners as well as insuring the lives of millions of people has 2,390,606,374 shares.
The final dividend payment was 10.58p.
So with 2,390,606,374 shares each commanding a payment of 10.58p the cash leaving Standard Life on Thursday 22nd May was:-
2,390,606,374 shares x £0.1058 = £252,926,154 = £252 Million = £0.252 Billion.
The financial strength of Standard Life is demonstrated by the health progressive dividend policy of this high revered financial institution, who looks after £191 Billion in assets which is equivalent to 12.5% of the annual UK GDP.