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BAWAG Group AG: Annual General Meeting approves dividend of EUR 5.00 per share
Vienna (pta036/08.04.2024/21:25 UTC+2)
Today, BAWAG Group's shareholders approved the proposal from the Management Board as well as the Supervisory Board for a dividend of EUR 5.00 per share for the 2023 financial year. The dividend will be paid out on April 15, 2024, ex dividend day will be April 10, 2024.
Anas Abuzaakouk, CEO, presented at the Annual General Meeting: "Since our IPO in October 2017, we delivered a total shareholder return of 67%, EPS growth of 9% per year, and an average RoTCE of 16%. We have also extended EUR 47 billion of credit to our customers, supporting our customers while growing the franchise, self-funded 9 acquisitions, and distributed EUR 2.6 billion of capital in the form of dividends and share buybacks. The capital distributions were EUR 1.7 billion in dividends, equal to a total EUR 19.70 per share, and EUR 900 million of share buybacks, reducing our overall share capital by over 21%.
Today, I am more excited about our future growth opportunities than I have ever been. Our transformation over the past decade has positioned the franchise for long-term profitable growth and has allowed us to pursue several strategic growth opportunities, such as Knab bank. My colleagues and I could not be prouder of the BAWAG team! We look forward to delivering on behalf of all stakeholders in the many years to come."
The details of the Annual General Meeting are available on BAWAG Group's website.
BAWAG Group will report its Q1 2024 results on April 29, 2024.
About BAWAG Group
BAWAG Group AG is a publicly listed holding company headquartered in Vienna, Austria, serving 2.1 million retail, small business, corporate, real estate and public sector customers across Austria, Germany, Switzerland, Netherlands, Western Europe and the United States. The Group operates under various brands and across multiple channels offering comprehensive savings, payment, lending, leasing, investment, building society, factoring and insurance products and services. Our goal is to deliver simple, transparent, and affordable financial products and services that our customers need.
BAWAG Group's Investor Relations website https://www.bawaggroup.com/ir contains further information, including financial and other information for investors.
Contact:
Financial Community:
Jutta Wimmer (Head of Investor Relations)
Tel: +43 (0) 5 99 05-22474
IR Hotline: +43 (0) 5 99 05-34444
E-mail: investor.relations@bawaggroup.com
Media:
Manfred Rapolter (Head of Corporate Affairs)
Tel: +43 (0) 5 99 05-31210
E-mail: communications@bawaggroup.com
This text can also be downloaded from our website: https://www.bawaggroup.com
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Emitter: |
BAWAG Group AG Wiedner Gürtel 11 1100 Wien Austria |
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Contact Person: | BAWAG Group Investor Relations | |
Phone: | +43 (0)59905-34444 | |
E-Mail: | investor.relations@bawaggroup.com | |
Website: | www.bawaggroup.com | |
ISIN(s): | AT0000BAWAG2 (Share) | |
Stock Exchange(s): | Vienna Stock Exchange (Official Trade) |