brytfmonline

Complete News World

Banque Centrale Populaire distributes dividends as of June 21 – dividends

Banque Centrale Populaire distributes dividends as of June 21 – dividends

The bank, led by Miguel Maya, announced that it will begin paying shareholders on June 21, with the shares going ex-dividend on June 19.

BCP will start distributing its gross dividend of €0.017 per share as of June 21, the Miguel Maia-led bank announced this evening on statement Detected with CMVM.

The shares are no longer entitled to this bonus as of the July 19 session (inclusive).

These profits refer to the 2023 accounts, when the bank made a profit of €856 million (8.4% more than in 2022). The shareholders had already approved, at the general meeting held on May 22, the management's proposal to distribute 30% of this amount (0.017 euros) and today the payment date was announced.

The bank had also announced at the end of April that it would propose a dividend distribution of 256.9 million euros for the 2023 fiscal year.

In Tuesday's session, the bank's shares closed at an increase of 0.36% to 0.3592 euros. Taking this closing price into account, the proposed dividend of €0.017 per share corresponds to a dividend yield of 4.73%.

The Central Bank plans to distribute dividends with a “payment” (a proportion of profits that are channeled into dividends) of at least half of profits in the coming years (starting from 2025, based on 2024 figures), which would represent an increase compared to this was announced from Before Miguel Maya, on April 18, at the Millennium Talks Algarve conference.

Remember that the bank returned to distributing profits in 2019, after 10 years without doing so – but in 2020 and 2021 it stopped allocating this bonus. Looking at dividends in 2023 (due to 2022 results), the “push” rises from 10% last year to 30% this year.

See also  Wall Street is living one of the worst days of the year for fear of inflation - Bolsa