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Valiant Holding raises FY'17 dividend

Switzerland-based Valiant Holding AG's shareholders approved to increase its dividend in respect of the full-year 2017 by CHF0.20 to CHF4.00 per share.

The total dividend to be paid out amounts to CHF63 million, or 53.0% of its 2017 consolidated net profit. The company said it aims for a payout ratio of between 40% and 70%.

In February, the bank reported a full-year 2017 consolidated net profit, including minority interests, of CHF119.2 million, up 1.5% from CHF117.5 million in 2016.