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Ericsson raises dividend 50% as profits improve, margins on track

2020-01-24 08:58:00| Telecompaper Headlines

(Telecompaper) Ericsson announced a 50 percent increase in its dividend to SEK 1.50 per share, after reporting full-year results it says are on track to meet its medium and long-term targets. For the fourth quarter, the company posted sales up 4 percent to SEK 66.4 billion, and the adjusted operating margin more than doubled to 9.7 percent, close to its target of 10 percent for 2020.

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