Credicorp Ltd.: Credicorp’s declaration of dividends

Rhea-AI Summary

Credicorp Ltd. has announced a cash dividend distribution of S/471,911,585.00, or S/5.0000 per share, for shareholders holding a total of 94,382,317 outstanding shares. This decision comes after a reported net income of S/346,894,407.43 for 2020. The dividend will be paid on October 7th, 2021, to shareholders on record as of September 15th, 2021, without withholding tax at source. Payments will be made in US Dollars, with the exchange rate determined as of October 5th, 2021.

Positive

• Approval of a significant cash dividend of S/471,911,585.00 demonstrates company profitability.
• Net income for 2020 was S/346,894,407.43, indicating a robust financial position.
• No withholding tax on dividends enhances shareholder returns.

Negative

• None.

lima, Aug. 27, 2021 (GLOBE NEWSWIRE) -- Lima, PERU, August 26^th, 2021 – Credicorp Ltd. announces to its shareholders and the market that the Board of Directors, in its session held on August 26^th, 2021, approved the distribution of dividend according to the Bye-Laws of the Company, and considering a total net income of S/346,894,407.43, attained in the financial year 2020 and additional funds from the account non-restricted special reserves.

The Board agreed unanimously to pay its shareholders a cash dividend of S/471,911,585.00, for a total of 94,382,317 outstanding shares, which is equivalent to S/ 5.0000 per share. The cash dividend shall be paid out on October 7th, 2021, without withholding tax at source, to shareholders of record on September 15th, 2021.

The dividend will be paid in US Dollars using the weighted exchange rate registered by the Superintendency of Banks, Insurance and Pension Funds (Superintendencia de Banca, Seguros y AFPs) for the transactions at the close of business on October 5, 2021. The US Dollar dividend amount will be rounded up to four decimals.

About Credicorp

Credicorp Ltd. (NYSE: BAP) is the leading financial services holding company in Peru with presence in Chile, Colombia and Bolivia. Credicorp has a diversified business portfolio organized into four lines of business: Universal Banking, through Banco de Credito del Peru – BCP and Banco de Credito de Bolivia; Microfinance, through Mibanco in Peru and Colombia; Insurance & Pension Funds, through Grupo Pacifico and Prima AFP; and Investment Banking & Wealth Management, through Credicorp Capital, Wealth Management at BCP and Atlantic Security Bank.

For further information please contact the IR team:

investorrelations@credicorpperu.com.pe

Investor Relations
Credicorp Ltd.

FAQ

What is the dividend amount announced by Credicorp Ltd.?

Credicorp Ltd. announced a cash dividend of S/5.0000 per share, totaling S/471,911,585.00.

When will the dividend be paid to shareholders?

The dividend will be paid on October 7th, 2021.

What is the record date for the dividend payment?

The record date for the dividend payment is September 15th, 2021.

Will there be any taxes withheld from the dividend?

No, the dividend will be paid without withholding tax at source.

In which currency will the dividend be paid?

The dividend will be paid in US Dollars.