On 30 October Bank of Valletta plc announced its 2009 full-year results showing a pre-tax profit of €81.8 million, representing an increase of over 100% compared to the Group’s profitability in the previous fianncial year.
The Directors recommended a final dividend of €0.215 per share compared to the final dividend of €0.0563 paid last year. The 2009 full-year dividend amounts to €0.25 per share representing an increase of 48% over the 2008 dividend. Shareholders as at the close of trading on Thursday 5 November will be entitled to this dividend which will be paid on 17 December following approval during the upcoming Annual General Meeting to be held on Wednesday 16 December.
Moreover shareholders as at the close of trading on Tuesday 12 January 2010 will also be entitled to a 1 for 4 bonus issue which will be funded through the capitalisation of reserves amounting to €40 million.
A copy of the Preliminary Results is available here.