April 25, 2017 / 5:46 AM / 3 months ago

Israel's Bank Hapoalim raises dividend payout to 40 pct of profit

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JERUSALEM, April 25 (Reuters) - Israel's Bank Hapoalim said on Tuesday it would raise the maximum amount of dividend it pays out to 40 percent of net profit from 30 percent after the banking regulator gave a green light to make the change.

Hapoalim, Israel's largest lender, said in a statement to the Tel Aviv Stock Exchange that its board of directors had approved changing its dividend policy. (Reporting by Ari Rabinovitch)

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