Sampo Oyj's board will resolve the question of an extra dividend in light of tougher capital requirements at its annual general meeting.

The board was, at the meeting, to propose a higher dividend of €2.85 per share for 2018, up from €2.60 per share for 2017. It also has proposed an extra dividend of up to €500 million, or 90 cents per share.

The company in a November 2018 earnings release noted that its capital requirements will increase in 2019 because of the increasing Pillar I capital requirement for Nordea Bank Abp after re-domiciliation to Finland.

The extra dividend's authorization would be valid until the next annual general meeting.