French payments firm Ingenico Group SA will propose to pay shareholders a dividend of €1.60 per share for 2017, up 7% from the dividend paid for the previous year and representing a distribution rate of 39%.

The dividend, which will be presented to shareholders for approval at the general meeting May 16, will be payable in cash or shares.

The company reported full-year 2017 net profit attributable to group shareholders of €256 million, up from €244 million in the year-ago period. Revenues increased year-over-year to €2.51 billion from €2.31 billion.

For 2018, Ingenico Group expects earnings before interest, taxes, depreciation and amortization of between €545 million and €570 million. The guidance factors in a negative impact of currencies of between €25 million and €30 million.