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April proposes higher dividend for FY'17

April SA said March 7 that it would propose a dividend of 27 euro cents per share for 2017, up 3.8% from 26 cents in 2016.

The dividend entails a total payout of €11 million. The French insurance services group noted that this is its return to a payout ratio that is slightly above 25% of net income group share, in line with the company's dividend policy.

April reported full-year 2017 net income group share of €39.6 million under International Financial Reporting Standards, up from €20.1 million a year earlier.

The group aims to achieve an increase of 6% to 10% in EBIT in 2018. April expects growth to be primarily driven by maintaining organic growth in France and abroad, continuing to implement its targeted external growth policy and continuing to turn around its loss-making operations.