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Bankia tomorrow pays shareholders €340 million in dividends, 7% more than last year

19 April 2018

Category: Corporate

  • The Spanish State, through the FROB, will receive 208 million euros based on its current stake, taking the total amount of public aid repaid by Bankia to 2,864 million euros
  • Despite the challenging environment of recent years, the bank has raised enough capital to complete the integration of BMN, without the transaction affecting the dividend per share
  • As in the last three years, this ordinary shareholder remuneration will be paid in a single cash payment tomorrow, Friday

Bankia will tomorrow, Friday, distribute 340 million euros in dividends to its shareholders, 7% more than the previous year's pay-out.

The dividend thus amounts to 11.024 cents per share, or 2.756 cents per share before the reverse split carried out in June 2017. The total amount distributed is 340,086,315.61 euros.

The bank is thus keeping the dividend per share equal to last year's, although the total amount paid out is higher due to the greater number of shares in circulation after the capital increase carried out to integrate BMN.

As in the last three years, this ordinary shareholder remuneration will be paid in a single cash payment this Friday.

This is the fourth dividend paid in Bankia's history. Since Bankia's first shareholder payout in July 2015, a total of 1,160 million euros will have been distributed.

Despite the challenging environment faced by the financial sector in recent years, the bank has managed to raise enough capital to complete the integration of BMN without that transaction affecting the dividend per share.

Public aid repaid now reaches 2,864 million euros

The Fund for the Orderly Restructuring of the Banking Sector (FROB), directly and indirectly through BFA Tenedora de Acciones, owns 61.175% of Bankia. With the dividend payment, it will therefore receive 208,047,999.40 euros.

With the privatisation of 7.5% of Bankia's capital in February 2014, which brought in 1,304 million euros; the additional sell-off of another 7% in December which generated 818 million euros in revenues for the FROB; and the four dividend payments, the State will have recovered a total of 2,863 million euros.

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