Swiss Re announced that its upcoming Annual widespread
meeting (AGM) on eleven April 2014, will include proposals from the Board of
directors to pay its normal dividend of CHF 3.eighty five [$4.40] consistent
with share and an additional special dividend of CHF four.15 [$4.75] in keeping
with share.
The Board is also in search of approval to amend its
Articles of association to be completely compliant with the Swiss federal
“Ordinance in opposition to immoderate compensation at Public corporations”
beforehand of its scheduled implementation.
The Board will also advise the election of Susan L. Wagner
as a brand new unbiased member. As of today, shareholders also have access to
Swiss Re’s 2013 Annual document “Open minds connecting generations” and the
economic price management (EVM) 2013 document.
Swiss Re’s Chairman Walter B. Kielholz commented: “We
accompanied a clean capital control coverage during the last few years: growing
our regular dividend in line with long-term profits turned into our highest
priority, accompanied by way of commercial enterprise increase wherein it meets
our profitability targets. As a result, Swiss Re has lower back greater than
half of of the net profits to shareholders each year since 2009. If the
dividend proposals are accredited with the aid of the AGM in 2014, the payout
ratio as a percentage of internet earnings will growth to seventy one percentage
from sixty six percent in 2013.”
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