Today: May 27, 2017, 3:46 pm
  
Business

Banco Santander Chile announces dividend payout of 70% of 2016 earnings

PR-Inside.com: 2017-03-17 18:19:01

Banco Santander Chile announces dividend payout of 70% of 2016 earnings

Santiago, Chile, March 17, 2017. Banco Santander Chile (NYSE: BSAC; SSE: Bsantander) announced today that the Board agreed to summons the annual shareholders meeting on April 26, 2017. Among the items to be submitted for shareholder vote will be the annual dividend proposal of Ch$1.75459102 per share, corresponding to 70% of 2016 net income attributable to shareholders. With this proposal, the current dividend yield is 4.4%, considering the share price at the close of the Chilean stock market yesterday.

Banco Santander Chile is the largest Bank in Chile in terms of assets, loans and equity. As of December 31, 2016, we had total assets of Ch$37,006,645 million (U.S.$55.6 billion), outstanding loans net of allowances for loan losses of Ch$26,113,485 million (U.S.$39.2 billion), total deposits of Ch$20,691,024 million (U.S.$ 31.1 billion) and equity of Ch$2,898,047 million (U.S.$4.4 billion).  Our headquarters are located in Santiago and we operate in every major region of Chile. Our long-term credit risk rating are Aa3 by Moody's, A+ Fitch and A Standard & Poor's.


CONTACT INFORMATION

  

Robert Moreno                                                              Rowena Lambert 

Manager, Investor Relations Department                           Investor Relations Officer
Banco Santander Chile                                                    Banco Santander Chile
Bombero Ossa 1068, Piso 8                                             Bombero Ossa 1068, Piso 8
Santiago, Chile                                                               Santiago, Chile
Tel: (562) 2320-8284                                                        Tel: (562) 2320-3114
Email: robert.moreno@santander.cl                                  Email: rowena.lambert@santander.cl
Website: www.santander.cl                                              Website: www.santander.cl





This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Banco Santander-Chile via Globenewswire




# 494 Words
Related Articles
More From The Author
EVS Broadcast Equipment: Publication of a transparency [..]
EVS Broadcast Equipment has received a transparency notification dated March 14, 2017 indicating that Norges Bank now holds, by [..]
AirSelfie Has Started the AirSelfie Team Tour [..]
AirSelfie : This Smart News Release features multimedia. View the full release here. AirSelfie flying camera (Photo: AirSelfie) It’s [..]
Cargotec issues two bonds in the aggregate [..]
CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 17 MARCH 2017 AT 4.30 PM (EET)Cargotec issues two bonds in the aggregate amount of [..]
Statoil presents annual and sustainability reports for [..]
Today 17 March, Statoil (OSE:STL, NYSE: STO) is presenting its annual report and annual report on Form 20-F for the [..]
Landmark SURTAVI Clinical Trial Shows Transcatheter Aortic [..]
Late-Breaking SURTAVI Pivotal Clinical Trial Presented at ACC.17 and Published in NEJM Meets Primary Endpoint at Two Years DUBLIN [..]
 
More From Business
Myfloralkart.com Unveils an Unique and Affordable Way [..]
MyFloralKart, 27 May, India: - Irrespective of circumstances, one must always find a way to express their love and care [..]
GiftsbyMeeta Introduces the Fresh Collection of Online [..]
GiftsbyMeeta, May 26, 2017, New Delhi, India: - With more than one thousands Rakhis of more than 50 varieties, GiftsbyMeeta [..]
GiftsbyMeeta introduces a New Category Gifts to [..]
GiftsbyMeeta, May 26, 2017, New Delhi, India: - The leading online gift shopping portal with worldwide home delivery options, has [..]
GiftsbyMeeta Introduces New collection of Gifts for [..]
GiftsbyMeeta, May 25, 2017, New Delhi, India: - With the fast approaching the grand festival of rakhi exclusively for celebrating [..]
GiftsbyMeeta.com Unveils a Fresh Birthday Gifts Category [..]
GiftsbyMeeta a leading occasion centric gifting website in India has introduced a new category named Birthday Gifts at Pocket Price [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.