November 2, 2017 / 11:59 AM / in a year

Sampo CEO says 2017 dividend will likely grow moderately

HELSINKI, Nov 2 (Reuters) - Finnish financial holding company Sampo will likely pay a growing dividend from 2017, Chief Executive Officer Kari Stadigh said on Thursday.

The company reported earlier that its property and casualty insurance company If will pay it an all-time-high internal dividend of 6 billion Swedish crowns ($716 million), up from 5.8 billion crowns a year earlier.

“We (Sampo) are committed to propose each year a moderately growing dividend ... These internal dividends, of course, support our intention, and the dividend will likely grow moderately next spring,” Stadigh told Reuters by telephone.

In a Reuters poll, analysts on average had expected a dividend of 2.46 euros per share, up from 2.30 euros paid from 2016.

$1 = 8.3841 Swedish crowns Reporting by Jussi Rosendahl, editing by David Evans

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