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Denmark's Nordjyske Bank hikes dividend

Denmark-based Nordjyske Bank A/S's board proposed a dividend of 4.4 Danish kroner per share for full year 2017, up from 4.0 kroner per share a year ago. The dividend corresponds to 30% of the bank's profit after taxes.

The bank reported an after-tax result of 269.7 million kroner for the period, up from 184.9 million kroner in 2016.

Nordjyske Bank said it expects its core earnings for 2018 to be in the range of 340 million kroner to 390 million kroner, and its pretax result for the year to be in the range of 235 million kroner to 370 million kroner.

As of Feb. 8, US$1 was equivalent to 6.08 Danish kroner.