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Unicaja Banco approves the distribution of a dividend of 4.8 cents per share

Date: March 27, 2023 Time: 09:08:17

The Board of Directors of Unicaja Banco has approved this Thursday its annual accounts and management reports for 2022, both individual and consolidated, which propose to distribute a cash dividend for importation of 128,576,240 euros, a ratio of 0.048431 gross euros per share. , which represents a ‘pay-out’ of approximately 50% with respect to the net profit reported by the entity on January 31.

The distribution of the dividend will be one of the points to be discussed at the general meeting of shareholders, which will be held soon. The entity has not yet released the date on which this event will be held, although the fundamental aspects of the entity’s future statement will be discussed.

A benefit of 260 million

Unicaja Banco generated a net profit of 260 million euros in 2022, which represents an increase of 88.9% compared to 2021. Said result was supported by the increase in ordinary income, with a growth in the interest margin of 2.9% and 7.3% for income from net commissions, in the reduction of administrative expenses, of 8.2%, after materializing the synergies derived from the planned restructuring plans, and in lower loan write-offs, with a reduction of 20.8%

Unicaja Banco is the only bank among those listed on the Ibex 35 that has not publicly reported how much it is required to contribute to the public arcades by way of the extraordinary 4.8% tax on its income. However, the estimate made by Europa Press shows a payment of about 76 million euros.

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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