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Santander Mexico sets cash dividend

Grupo Financiero Santander Mexico SAB de CV and unit Banco Santander (México) SA Institución de Banca Múltiple said their shareholders approved the payment of a cash dividend from retained earnings in the amount of about 13.62 billion Mexican pesos.

The dividend will be paid out to shareholders on Dec. 30 in the proportion of shares already held, according to a Dec. 22 release.

As of Dec. 22, US$1 was equivalent to 20.74 Mexican pesos.