Shares and Dividends
Sparkasse shares
Cassa di Risparmio di Bolzano has been a joint stock company since 1992. Since 27th December 2017, the shares of Cassa di Risparmio di Bolzano S.p.A. have been admitted to trading on the multilateral trading system ‘Vorvel Equity Auction’ (formerly Hi-MTF Order Driven), managed by Vorvel SIM S.p.A. (formerly Hi-MTF SIM S.p.A.).
Dividends
At the Shareholders’ Meeting, the shareholders vote on the distribution of a dividend.
Dividends per share approved and distributed
| Reference Year | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Bank net profit | 104.0 mln. € | 55.0 mln. € | 74.7 mln. € | 71.3 mln. € | 29,0 mln. € | 27.0 mln. € |
| Total Gross dividend amount | 6.0 mln. € approved 5/11/24 (advance dividend for FY 2024) 30.0 mio. € approved 15/04/2025 additional to the above mentioned advance dividend | 21.0 mln. € approved 4/4/2024 | 21.0 mln. € approved 5/4/2023 | 20.0 mln. € approved 22/4/2022 | 8.4 mio. € approved 8/4/2021 for the maximum amount permitted at that time = 15% cumulated net profit (27+29 mln. €) for the financial years 2019 e 2020 | In 2020 the Bank had initially deliberated the distribution of a dividend of 18.0 eurocents but the regulatory authorities ordered the suspension of dividend payments for the whole of 2020 |
| Extraordinary dividend | ~5.0 mln. € approved 16/11/2023 charged to retained earnings available for distribution | 10.0 mln. € approved 22/11/2021 charged to retained earnings available for distribution | ||||
| Payout ratio | 36% | 38% | 35% | 28% | 33% (average payout 2019 & 2020) | 33% (average payout 2019 & 2020) |
| Gross dividend per share | 60.3 eurocents (of which 10.1 eurocents distributed as an advance dividend in november 2024) | 35.1 eurocents (ordinary dividend) | 35.0 eurocents (ordinary dividend) 8.3 eurocents (extraordinary dividend) | 33.3 eurocents | 13.9 eurocents (ordinary dividend) 16.6 eurocents (extraordinary dividend) |
Negotiation
Cassa di Risparmio di Bolzano S.p.A. decided to apply for the admission of its own financial instruments to the Hi-MTF market in light of Consob Communication No. 92492 of 18/10/2016 “Recommendation on the distribution of financial instruments through a multilateral trading venue” and following the changes introduced by Directive 2014/65/EU of 15 May 2014 (MiFID II) and EU Regulation No. 600/2014 (MiFIR).
The legislator’s ultimate goal is to ensure greater transparency and investor protection.
The rules for trading in shares, option rights and bonds issued by Cassa di Risparmio di Bolzano S.p.A. are contained in the document “Information document on trading in shares, option rights and bonds issued by Cassa di Risparmio di Bolzano S.p.A.”.
Repurchase fund
The cases in which a Fund may be used for the purchase of own shares/subordinated bonds and the criteria to be met have been set out in the document “Criteria for Activating the Fund for the Purchase of Own Shares and Subordinated Bonds”.
