Lundin Petroleum raises output forecast after fourth quarter profit beat

OSLO (Reuters) - Sweden's Lundin Petroleum , a partner in Norway's giant Sverdrup oilfield, increased its dividend payment and raised output expectations, the company said on Friday after fourth-quarter profits grew more than forecast.Earnings before interest, tax, depreciation and amortisation (EBITDA) rose to $695.5 million (529.14 million pounds) in the fourth quarter from $480.7 million a year earlier as Sverdrup came on stream, beating a mean estimate of $613.2 million in a Refinitiv poll.