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FHB proposes 40% higher dividend on last year's profit

The board of Land Credit and Mortgage Bank Rt (FHB) will propose to raise dividend by 40% to Ft 28 a share, the bank said in a stock exchange statement.
The board will offer the dividend on 2005 profit to shareholders at an April 21 general meeting. FHB, which paid a dividend of Ft 20 in the previous year, posted net income of Ft 6.7 billion in 2005.