October 19, 2016 5:23 AM
October 19 -- Akzo Nobel NV increased its interim dividend for the second straight year as an ongoing drive to cut costs and boost efficiency helped buoy earnings at Europe’s largest paint company. For the second time in six years, the Dutch maker of Dulux paint is boosting the half-year payout to shareholders, with an increase of 6 percent to 37 cents a share. Earnings before interest and taxes increased 1 percent to 442 million euros ($485 million), the Amsterdam-based company said in a statement. Analysts in a Bloomberg survey predicted 447.9 million euros, on average. CFO Maeelys Castella discusses numbers with Guy Johnson in London and Caroline Hyde in Berlin on "Bloomberg Markets: European Open."