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Swedbank raises dividend payout policy as Q4 profits top forecasts
January 30, 2013 / 5:41 AM / 5 years ago

Swedbank raises dividend payout policy as Q4 profits top forecasts

STOCKHOLM, Jan 30 (Reuters) - Swedish banking group Swedbank posted a fourth-quarter operating profit that topped forecasts on Wednesday and said it was raising its dividend payout ratio to 75 percent.

Operating profit was 4.98 billion crowns against a mean forecast for 4.40 billion seen in a Reuters poll of analysts and compared with a 1.75 billion result in the year-ago period.

It said it would raise its dividend policy to distribute 75 percent of net profit, up from a previous 50 percent and said it would pay a 9.90 crown per share dividend for 2012.

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