30 October, 2023

BOV Announces Interim Cash Dividend Of €0.0462 Gross Per Share


Dividend subject to regulatory approval

Bank of Valletta announced an interim cash dividend of €0.0462 Gross per share (€0.03 net of tax), subject to Regulatory Approval. This dividend which amounts to a gross payout of €26.9 million is the result of the financial performance of the BOV Group for the six months ending June 2023, where the Bank reported a profit before tax of €105.1 million, compared to a pre-tax loss of €72.1 million (restated) during the first half of last year.

BOV Chairman Dr Gordon Cordina expressed his satisfaction at this announcement. He explained that this dividend is the result of an in-depth analysis carried out by the Bank on forward-looking data. The Bank’s decision regarding the distribution of a dividend to its shareholders meets important risk and other regulatory criteria, which focus on the strength and viability of the Bank’s future business. This is essential to safeguard the best interest and expectations of shareholders and other stakeholders.

Corroborating Dr Cordina’s comments, the Bank’s CEO Kenneth Farrugia stated that this dividend is evidence that the Bank is on the right track and is delivering solid financial performance. The Bank is committed to continue strengthening its position as a leading financial institution in Malta, focused on customer-centricity, excellence and innovation, in an ever-evolving industry landscape.

Subject to regulatory approval, the dividend is planned to be paid on Wednesday 6 December 2023 to those Members appearing on the Bank’s Register of Members, as maintained at the Central Securities Depository at the Malta Stock Exchange, as at the close of business of Tuesday 21 November 2023.

All News

View All

06 November, 2024

BOV awarded FHRD Quality Mark for HR Excellence...

...

Learn More
01 November, 2024

TradeMalta: Dedicated to supporting Malta-based businesses to reach in...

...

Learn More
30 October, 2024

BOV branches undergo several service enhancements...

...

Learn More
29 October, 2024

2024 edition of l-Istrina BOV Piggy Bank campaign launched...

...

Learn More

All News

View All

Sponsored Content

06 November, 2024

BOV awarded FHRD Quality Mark for HR Excellence...

...

Learn More

Sponsored Content

01 November, 2024

BOV announces profit before tax of €223.7 million...

...

Learn More

Sponsored Content

01 November, 2024

TradeMalta: Dedicated to supporting Malta-based businesses to reach in...

...

Learn More

Sponsored Content

30 October, 2024

BOV branches undergo several service enhancements...

...

Learn More

upcoming events

View All

Upcoming Events

19 November, 2024

Business Empowerment

...

Learn More

Upcoming Events

21 November, 2024

EnergyEfficiency4SME 2nd Webinar

...

Learn More

Upcoming Events

06 December, 2024

President's Reception 2024

...

Learn More

upcoming events

View All

19 Nov
upcoming event 19 November, 2024, 08:30 AM

Business Empowerment

Learn More
21 Nov
upcoming event 21 November, 2024, 10:00 AM

EnergyEfficiency4SME 2nd Webinar

Learn More
06 Dec
upcoming event 06 December, 2024, 07:30 PM

President's Reception 2024

Learn More