Pandox proposed to pay out a higher per-share dividend of 4.40 Swedish kronor for the year ended Dec. 31, 2017, compared to the 4.10 kronor per share paid for the prior year.

The figure will amount to 737 million kronor in total dividends, up from the previous figure of 646 million kronor.

As of Feb. 14, US$1 was equivalent to 8.00 Swedish kronor.