Orange to increase dividend after growth in FY results

(Telecompaper) Orange said it plans to pay a higher dividend for 2017, after reporting higher sales and profitability for Q4 and 2016. The company proposed a dividend of EUR 0.65 per share for 2017, compared to EUR 0.60 in 2016, to reflect the steady progress it's made since 2015, said CEO Stephane Richard. Orange expects its investments in fibre and LTE and focus on cost reductions will support further growth in adjusted EBITDA in 2017. Last year, adjusted EBITDA rose 2.1 percent to EUR 12.682