KBC Group introduces interim dividend. Current pay-out ratio policy maintained
(Thomson Reuters ONE) -
Press Release
Outside trading hours - Regulated information*
Brussels, 11 August 2016 (07.00 a.m. CEST)
KBC Group introduces interim dividend
Current pay-out ratio policy maintained
Starting this year, and barring exceptional or unforeseen circumstances, KBC
will pay each year
* an interim dividend of 1 euro per share in November of the accounting year
* as well as a final dividend after the Annual Shareholders' Meeting
The interim dividend will be an advance payment on the total dividend.
Today KBC Group reconfirmed its dividend policy, i.e. the pay-out ratio
(dividend plus additional tier-1 (AT1) coupon) will be at least 50% of
consolidated profit.
The introduction of an interim dividend will ensure a more evenly distributed
cash flow to shareholders throughout the year.
Johan Thijs, KBC Group CEO: 'KBC Group today reconfirmed its current pay-out
ratio policy (i.e. dividend + AT1 coupon) of at least 50% of consolidated
profit. From this year on, however, we will pay an interim dividend of 1 euro
per year in cash as an advance on the total dividend. This will ensure a more
evenly distributed cash flow to our shareholders.'
At its meeting held on 10 August 2016, the KBC Board of Directors approved an
interim dividend of 1 euro per share. This interim dividend will be paid on 18
November 2016* and will ensure a more even distribution of interim dividend and
final dividend payments throughout the year.
Dividend and interim dividend proposals will always take into account net
earnings, exceptional results (if any), economic conditions, expected future
capital requirements and growth opportunities available (both organic growth and
acquisitions).
Payments per share are gross amounts which are subject to Belgian withholding
tax. The total dividend is subject to approval by the shareholders at the Annual
Shareholders' Meeting.
*Ex-coupon date 16 November 2016, record date 17 November 2016 and payment date
18 November 2016.
For more information, please contact:
Wim Allegaert, General Manager, Investor Relations, KBC Group
Tel + 32 2 429 50 51 - E-mail: wim.allegaert(at)kbc.be
Viviane Huybrecht, General Manager, Corporate Communication/Spokesperson, KBC
Group
Tel + 32 2 429 85 45 - E-mail: pressofficekbc(at)kbc.be
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* This news item contains information that is subject to the transparency
regulations for listed companies.
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KBC Group NV
Havenlaan 2 - 1080 Brussels Press Office KBC press releases are
Viviane Huybrecht Tel. + 32 2 429 65 01 available at www.kbc.com
General Manager Stef Leunens or can be obtained by
Corporate Tel. + 32 2 429 29 15 sending an e-mail to
Communication/Spokesperson Ilse De Muyer pressofficekbc(at)kbc.be
Tel. + 32 2 429 85 45 Fax + 32 2 429 81 60
E-mail: Follow us on
pressofficekbc(at)kbc.be www.twitter.com/kbc_group
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Press release KBC Group dd 2016-08-11:
http://hugin.info/133947/R/2034486/757659.pdf
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Source: KBC Groep via GlobeNewswire
[HUG#2034486]
Unternehmensinformation / Kurzprofil:
Datum: 11.08.2016 - 07:02 Uhr
Sprache: Deutsch
News-ID 488478
Anzahl Zeichen: 4449
contact information:
Town:
Brussels
Kategorie:
Business News
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"KBC Group introduces interim dividend. Current pay-out ratio policy maintained"
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