Proposed appropriation of retained earnings
Proposal of the Board of Directors
The Board of Directors proposes to the Annual General Meeting of Shareholders to be held on 2 April 2019 that the available retained earnings of CHF 6,424 million for the financial year ending on 31 December 2018, be appropriated as follows:
In CHF million | 31.12.2018 | |
---|---|---|
Appropriation of retained earnings | ||
Retained earnings from previous year | 5,240 | |
Ordinary dividend 1 | (1,140) | |
Balance carried forward from prior year | 4,100 | |
Net income for the year | 2,324 | |
Retained earnings available to the Annual General Meeting | 6,424 | |
Ordinary dividend of CHF 22.00 per share on 51,801,600 shares 1 | (1,140) | |
Balance to be carried forward | 5,284 | |
1 Excluding treasury shares.
|
In the event that the proposal is approved, a dividend per share will be paid to shareholders on 8 April 2019 as follows:
Per registered share | CHF | |
---|---|---|
Ordinary dividend, gross | 22.00 | |
Less 35% withholding tax | (7.70) | |
Net dividend payable | 14.30 |