BCP approves dividend worth €13.6 million

The bank approved the payment of a €0.09 per share dividend, amounting to a total of €13.6 million.

BCP shareholders approved on Wednesday the payment of a €0.09 per share dividend, amounting to €13.6 million, said the Portuguese bank in a statement sent to the Portuguese Securities Market Commission (CMVM). 

Last year, BCP posted a net profit of around €90 million euros. Given these results, the bank’s board of directors had proposed “the distribution of 13,602,590.96 euros to shareholders, resulting in a dividend per share of 0.0009 euros (0.09 cents),” according to a document released on March 29. This remuneration to shareholders has now been approved.

Last February, Miguel Maya, CEO of BCP, and Nuno Amado, chairman of the bank’s board of directors, had already announced that BCP would pay a “very moderate” dividend. “The intention is to return to dividends, but in a rather moderate way,” said chairman Nuno Amado.