Socialpost

Complete News World

The annual general assembly approves a dividend of 5 euros per share

The annual general assembly approves a dividend of 5 euros per share

Vienna (pta035/04/08/2024/21:25 UTC+2)

BAWAG Group shareholders today approved the proposal of the Board of Management and the Supervisory Board for a dividend of EUR 5.00 per share for the financial year 2023. The dividend will be paid on April 15, 2024, the ex-dividend date is April 10, 2024.

Anas Abu ZaqouqBAWAG Group CEO reported at the annual general meeting: “Since we went public in October 2017, we have achieved a total shareholder return of 67%, EPS growth of 9% annually and an average return on tangible common stock of 16%. We have lent our clients €47 billion, to support them as we grow our business. During the same period, we financed 9 acquisitions from our own resources and distributed €2.6 billion of capital in the form of dividends and share repurchases. Capital distributions amounted to €1.7 billion in dividends, equivalent to €19.70 per share, and €900 million in share buybacks, reducing our capital by more than 21%.

Today, I am more excited than ever about our future growth opportunities. Our transformation over the past decade has enabled the company to achieve long-term profitable growth and enabled us to pursue multiple strategic growth opportunities, such as: b. Acquisition of Knapp Bank. My teammates and I couldn't be prouder of the BAWAG team! We look forward to working on behalf of all stakeholders in the years ahead.”

All details about the Annual General Meeting are available on the BAWAG Group website.

BAWAG Group will announce its results for the first quarter of 2024 on April 29, 2024.

See also  The end of negative interest rates is looming

About Baoag Group

BAWAG Group AG is a listed holding company based in Vienna, Austria that serves 2.1 million private sector clients, SMEs and corporates as well as public sector clients in Austria, Germany, Switzerland, the Netherlands, Western Europe and the USA. The group offers a wide range of savings, payment transaction, credit, leasing and investment products as well as building savings and insurance under different brands and through different sales channels. Our goal is to provide simple, transparent and affordable financial products and services that meet the needs of our customers.

This statement and other information, including financial and other information for investors, is available on the BAWAG Investor Relations website at the following link: BAWAG Group https://www.bawaggroup.com/IR available.

communication:

Financial community:
Jutta Wimmer (Head of Investor Relations)
Tel: +43 (0)5 99 05-22474
Investor Relations Hotline: +43 (0) 5 99 05-34444
Email:[email protected]

Media:
Manfred Rapolter (Head of Corporate Affairs)
Tel: +43 (0)5 99 05-31210
Email: [email protected]
This text is also available for download on our website: https://www.bawaggroup.com

(end)