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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




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