© Reuters.
VIENNA – Raiffeisen Bank International AG (RBI) shareholders have approved a dividend payment of EUR 0.80 per share from the fiscal year 2022 earnings, reflecting confidence in the bank’s financial health and solid performance despite market challenges earlier in the year. The announcement came during an Extraordinary General Meeting held today, where shareholders also witnessed changes to the Supervisory Board and the bank’s organizational regulations.
The bank’s strong performance through the first three quarters of 2023 has been a key factor in supporting this dividend distribution. Chairman Erwin Hameseder highlighted RBI’s robust results as instrumental in enabling the dividend payout amidst previous market volatility. The shareholders’ meeting also saw Manfred Wilhelmer stepping into the Supervisory Board role, succeeding Peter Gauper who resigned in June.
In addition to personnel changes, technical amendments to the Articles of Association were ratified, ensuring that RBI’s governance remains up-to-date with current standards and practices.
Looking ahead, the approved dividend is scheduled for payment on November 28, with banks crediting shareholder accounts after a 27.5% capital gains tax deduction. Prior to this, two important dates will mark the calendar for investors: the ex-dividend date on the Vienna Stock Exchange is set for Thursday, November 24, followed by the record date on Monday, November 27, which will determine shareholders’ eligibility for the dividend.
The decision to distribute dividends comes as a positive signal to investors and stakeholders of RBI’s commitment to delivering value while maintaining a stable financial position even when faced with fluctuating markets.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Read the full article here
