Banco de Chile Announces Stock Dividend
At a special shareholders meeting on March 29th,2009 a stock dividend of 3.2325% was approved. Banco De Chile ADR (BCH) shareholders will receive 3.2325 additional shares for each 100 shares held. Fractional shares will be paid in cash.
According to Depositary, JPMorgan Chase Bank, N.A. the effective dates are as follows:
ADR record date: May 29, 2009
ADR payment date: June 11, 2009
Banco De Chile ADR (BCH) currently has a dividend yield of 5.91% and has a market cap of 5.4B. In March of this year, Fitch Affirmed its ratings outlook as stable.
Another Chilean bank that trades in the NYSE is Banco Santander-Chile (SAN).
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