trending Market Intelligence /marketintelligence/en/news-insights/trending/rc8j0PPOn0qkrK-1kVfYxA2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Grupo Security's board proposes dividend of 7.25 Chilean pesos per share

Banking Essentials Newsletter December Edition Part 2

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

Grupo Security's board proposes dividend of 7.25 Chilean pesos per share

's board plans topropose a dividend payment of 7.25 Chilean pesos per share through the capitalizationof part of the firm's 2015 profits at a shareholders meeting April 28, the companysaid in a press release April 8.

The dividendwould be paid May 9. Combined with a previous dividend payment in October 2015,this would bring the total dividend for the 2015 period to 11.25 pesos per share,according to the release.

GrupoSecurity posted a total profit of 65.02 billion pesos in 2015, which represents6.6% growth from the previous year, while its return on equity reached 12.1% inDecember 2015.

The year-over-yeargrowth in profits was mainly due to an increase in commercial activity in all ofthe group's business areas in the first half of the year, which more than offsetthe negative impact of the global economic downturn on the firm's growth in thesecond half, Grupo Security CEO Renato Peñafiel was cited as saying.

GrupoSecurity operates in Chile's banking and insurance sectors, among others, and recentlyexpanded into Peru's insurance sector through the 2015 acquisition of a stake inLa Positiva Seguros y Reaseguros S.A.

As of April 7, US$1 was worth676.56 Chilean pesos.