March 30, 2017 / 5:16 AM / 6 months ago

SMA Solar proposes higher-than-expected dividend

FRANKFURT, March 30 (Reuters) - SMA Solar, Germany’s largest solar company, will propose a dividend of 0.26 euros ($0.28) per share for 2016, almost twice its payout for the previous year, but warned of a challenging year ahead due to increase pricing pressure.

Based on Thomson Reuters I/B/E/S estimates, SMA Solar was expected to pay a dividend of 0.23 euros per share. ($1 = 0.9302 euros) (Reporting by Christoph Steitz; Editing by Ludwig Burger)

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