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7 months ago
Intesa lowers 2017 dividend guidance to 3.4 bln euros
February 3, 2017 / 1:32 PM / 7 months ago

Intesa lowers 2017 dividend guidance to 3.4 bln euros

MILAN, Feb 3 (Reuters) - Intesa Sanpaolo's said on Friday it confirmed a commitment to pay 10 billion euros of dividends over the 2014-2017 period, implying a lower dividend for 2017 than previously expected.

Intesa has already paid 3.6 billion euros of dividends on its 2014 and 2015 accounts and on Friday said it would pay 3 billion euros on 2016 results.

That leaves 3.4 billion euros for dividends to be paid on 2017 results - lower than the 4 billion euros indicated by the bank's Chief Executive Carlo Messina as recently as November.

$1 = 0.9313 euros Reporting by Gianluca Semeraro, writing by Silvia Aloisi

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