February 6, 2020 / 6:40 AM / 14 days ago

Norway's DNB raises dividend as Q4 earnings top forecast

OSLO, Feb 6 (Reuters) - Norway’s DNB said on Thursday it would raise its dividend and buy back more shares as it reported fourth-quarter results that beat expectations.

DNB proposed a dividend of 9 Norwegian crowns ($0.9802) per share, up from 8.25 crowns the year before, while analysts in a Refinitiv poll on average had expected 8.84 crowns per share.

Norway’s biggest bank earned a net profit of 5.9 billion Norwegian crowns for the October-December period, down from 6.9 billion a year earlier, beating the average forecast of 5.30 billion. ($1 = 9.1822 Norwegian crowns) (Reporting by Terje Solsvik, editing by Gwladys Fouche)

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