Lindt posts higher profit, 75% jump in dividend

Chocoladefabriken Lindt & Spruengli AG

03/03/2020 06:18

ZURICH, March 3 (Reuters) - Switzerland's Lindt & Spruengli
 LISN.S   LISP.S  proposed a sweeter payout to shareholders on
Tuesday with a proposal to increase its divided by 75% to mark
its 175th anniversary, the chocolate maker said on Tuesday.
   Annual net profit increased 5.1% to 511.9 million Swiss
francs ($534.57 million), the company said, proposing to pay out
a dividend of 1,750 francs per registered share for 2019. 
    The net profit was just below a 518.1 million franc estimate
in a Refinitiv poll, but the dividend was well above the 1,080
franc estimate.
($1 = 0.9576 Swiss francs)

 (Reporting by Silke Koltrowitz, editing by John Revill)
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