Lindt posts higher profit, 75% jump in dividend

Business

Raisins noisettes chocolates are displayed during the annual news conference of Swiss chocolatier Lindt & Spruengli in Kilchberg, Switzerland March 5, 2019. REUTERS/Arnd Wiegmann

ZURICH (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.

Reporting by Silke Koltrowitz, editing by John Revill

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