CaixaBank reported this Friday that the Board of Directors has agreed to propose to the next Ordinary General Shareholders' Meeting the distribution of a cash dividend of 0.0268 euros gross per share, charged to the profits for the year 2020, to be paid during the second trimester.
The approval of this dividend by the General Shareholders' Meeting, where appropriate, as well as the specific conditions of its payment, which in any case will be subject to the execution of the merger with Bankia, will be communicated in a timely manner to the market.
With the payment of this dividend, the amount of shareholder remuneration corresponding to financial year 2020 will be equivalent to 15% of the pro-forma consolidated result of CaixaBank and Bankia adjusted, in line with the recommendation made by the European Central Bank
The dividend will be paid to all outstanding shares at the time of payment. Likewise, it has been agreed to revoke the previous dividend policy and to publish a new policy in due course after the planned merger with Bankia, agreed by the new Board after the review and approval of the 2021 budget.