Erste Group Suggests Conditional 2019 Dividend of EUR0.75 Per Share
October 15 2020 - 12:01PM
Dow Jones News
By Kim Richters
Erste Group Bank AG said Thursday that it is proposing a
conditional cash dividend of 0.75 euros per share for 2019.
The payout would equal around 22% of 2019's consolidated net
profit, the Austrian bank said, and depends on whether regulators
change "their current recommendation to refrain from distributions
to shareholders and no other legal restrictions being in force
prohibiting such distributions."
Erste Group plans to propose the dividend--which would be paid
on Feb. 15 next year--at its annual general meeting to be held on
Nov. 10.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
October 15, 2020 12:46 ET (16:46 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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