Norway’s DNB Announces Dividend After Posting Record Q3 Earnings

Norway’s DNB Announces Dividend After Posting Record Q3 Earnings
Kjerstin Braathen arrives to attend a press conference in Oslo after the Norwegian Bank DNB appointed her as new group chief executive of DNB on June 12, 2019. Terje Bendiksby/AFP via Getty Images
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OSLO—Norway’s largest bank DNB reported its best ever third-quarter earnings on Thursday after the country ended pandemic restrictions, and announced it would now make a dividend payment for 2020, sending its shares higher.

DNB’s net profit rose to 6.88 billion crowns ($826.88 million) for July–September from 5.55 billion crowns a year earlier, beating an average forecast of 5.76 billion crowns in a poll of analysts compiled by the firm.