Friday 15 December 2017

Heineken hikes dividend, upbeat for 2016

The drinks giant has upped sticks from Dublin’s Old Belgard Road in Tallaght, where its Irish headquarters was based until recently
The drinks giant has upped sticks from Dublin’s Old Belgard Road in Tallaght, where its Irish headquarters was based until recently

Heineken, the world's third-largest brewer, on Wednesday increased its dividend by more than expected, forecasting higher revenues and profits in 2016.

The brewer of Europe's top lager Heineken, Tiger and Sol said it would propose a dividend of €1.30 per share, above the 1.10 it paid out last year and beyond the 1.26 expected in a Reuters poll of 14 analysts.

For the group as a whole, net profit before one-offs rose 16pc to €2.048bn ($2.31 billion) broadly in line with analyst expectations of €2.052bn.

Reuters

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