BBVA changes dividend policy, aims for cash-only payouts
MADRID Oct 25 (Reuters) - Spain's second-biggest bank BBVA said on Friday it was changing its dividend policy and looking to distribute between 35 percent and 40 percent of profits annually, solely in cash.
The change will be phased in gradually as of 2014, the bank said. Until now it distributed its dividend in four payments made in cash as well as in shares.
BBVA also said it would delay a dividend payment due in January 2014 to April, and increase that April payment to 0.17 euros per share. (Reporting by Sarah White; Editing by Julien Toyer)
- Atheists face death in 13 countries, global discrimination: study
- Pope attacks mega-salaries and wealth gap in peace message
- South Africa admits mistake over 'schizophrenic' Mandela signer |
- Missouri executes man for killing good Samaritan motorist in 1994
- Thai military chief rebuffs meeting request in blow to protesters |