Dividends

Dividend 2019

For the 2019 financial year, the shareholders’ meeting held on 23 April 2020 approved the distribution of a dividend of €1.10 per share, postponing payment until at least 1 October 2020. The bank therefore responsibly follows the instructions of the supervisory authorities regarding dividend policy in the context of the Covid-19 pandemic.

In compliance with the applicable provisions and without prejudice to the fundamental safeguarding of the group’s capital strength, we are confident that we will be able to implement the distribution of dividends as soon as conditions permit, after 1 October 2020.

Dividend policy

2019

2018

2017

2016

2015

Consolidated net profit (thousands of EUR)

123.097

146.763

180.767

687.945

161.966

Dividends of the Parent Company (thousands of EUR)

58.797

56.125

53.433

43.813

40.334

Payout ratio

47,8%

38,2%

29,6%

6,4%

24,9%

Dividends per share

1,10

1,05

1,00

0,82

0,76