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Grupo Security to Distribute Dividend of Ch$2.50 Per Share

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Grupo Security to Distribute Dividend of Ch$2.50 Per Share

In a meeting of the Board of Directors of Grupo Security held this morning, the board agreed to pay a total dividend of Ch$2.50 per share, distributed as follows: (i) an interim dividend of Ch$1.00 per share, to be paid in cash and charged to 2013 retained earnings; and (ii) an additional dividend of Ch$1.50 per share, to be paid in cash and charged to retained earnings from prior years.             

According to Renato Peñafiel, CEO of Grupo Security, “The market's ongoing support, as well as the constant backing of our main investors, has enabled Grupo Security to continually develop its businesses and at the same time achieve stable growth in earnings and an attractive dividend policy.” 

During the first half of 2013, Grupo Security posted profit of Ch$25,490 million, up 28.8% with respect to the same period in 2012.

In September, Grupo Security concluded a capital increase in Banco Security for Ch$30,000 million, allocated mainly to strengthen the Bank's capital base and solvency levels in order to better manage loan growth. 

Today Grupo Security is a diversified financial group with market capitalization of close to US$1,100 million and total assets of US$11,000 million. The group has 12 companies in the lending, insurance, services and asset management industries.