The recurring nature and strength of earnings underlie the proposal to maintain unchanged the shareholder remuneration policy for another year. The dividend will thus be €0.42 per share with the same arrangement: two interim payments in cash and two with a scrip option. "This is an excellent yield for shareholders (6% at December 31 st 2012) and considerably higher than our peer group average," he explained.Lastly the chairman described the bank's future plans, which are based on three pillars: principles, people and innovation. "The principles have allowed us to have a firm and efficient corporate governance while fostering a culture of prudence, integrity and transparency," he said. "Sometimes this means sacrificing substantial easy profits in the short term. But it is the only way to ensure the BBVA project in the mid and long terms." This model of a 'leading bank' means that "during the crisis BBVA strengthened its position in all the countries where it operates —including Spain —and in the entire global industry."
Francisco Gonzalez: "BBVA Is At The Start Of A New Cycle Of Strong Growth"
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.