Van Lanschot Kempen NV proposed a dividend of €1.45 per share for 2017, up from €1.20 per share for 2016.
The Dutch private bank, previously known as Van Lanschot NV, reported a full-year 2017 net result of €94.9 million, up from €69.8 million in the year-ago period.
Meanwhile, the lender on Feb. 22 launched a share buyback program, in which it intends to repurchase up to 400,000 of its own shares to finance its employee remuneration policy and share plan.
The program is expected to cost a maximum of €11.0 million, based on the Feb. 21 closing price of its shares. It will conclude on the publication of the bank's 2018 annual figures, or sooner if the maximum number of repurchased shares is reached before then.
