Banco Itaú Chile Files Material Event Notice announcing Dividend Distribution Proposal

Rhea-AI Summary

Banco Itaú Chile (ITAUCL) has announced a significant dividend distribution proposal to be presented at the Ordinary Shareholders' Meeting on April 24, 2025. The Board of Directors proposes distributing 30% of the 2024 fiscal year profits, amounting to $112.99 billion, as dividends to shareholders.

The proposed dividend equals $522.27 per share, to be distributed among 216,340,749 shares in circulation. The remaining 70% of profits will be retained by the bank. Shareholders registered in the Shareholder Registry by midnight on April 30, 2025 (5 business days before payment) will be eligible to receive dividends, with payments starting May 7, 2025.

Positive

• Substantial dividend distribution of $112.99 billion proposed
• Significant per-share dividend of $522.27
• 70% profit retention strengthens bank's capital position

Negative

• Only 30% of profits distributed as dividends, which may disappoint income-focused investors

SANTIAGO, Chile, March 26, 2025 (GLOBE NEWSWIRE) -- BANCO ITAÚ CHILE (SSE: ITAUCL) (the “Bank”) today announced that its Board of Directors has agreed, in its ordinary meeting held on this same date, to propose to the Ordinary Shareholders' Meeting, to be held on April 24, 2025, the distribution of 30% of the profits for the 2024 fiscal year, corresponding to the amount of $112,988,077,742 as a dividend to shareholders, among the total of the Bank's 216,340,749 validly issued shares in circulation. Therefore, if approved as indicated, a dividend of $522.2690513195920 per share would be distributed. Additionally, it will be proposed to the Shareholders’ Meeting that the remaining 70% of the profits be retained.

The dividends that are approved will be available to shareholders starting on May 7, 2025. In this regard, shareholders who are registered in the Shareholder Registry at midnight on April 30, 2025, that is, those who are registered in said registry 5 business days prior to the payment date, will be entitled to receive dividends.

The full Material Event Notice is available on the company’s investor relations website at ir.itau.cl.
Investor Relations – Banco Itaú Chile

IR@itau.cl / ir.itau.cl

FAQ

What is the dividend amount per share proposed by Banco Itaú Chile (ITAUCL) for 2024?

Banco Itaú Chile proposes a dividend of $522.27 per share for the 2024 fiscal year.

When will Banco Itaú Chile (ITAUCL) pay the proposed 2024 dividends?

The dividend payment is scheduled to begin on May 7, 2025, for eligible shareholders.

What percentage of 2024 profits is Banco Itaú Chile (ITAUCL) distributing as dividends?

The bank proposes to distribute 30% of 2024 profits as dividends, with 70% being retained.

What is the total dividend distribution amount proposed by Banco Itaú Chile (ITAUCL)?

The total proposed dividend distribution amounts to $112.99 billion.

What is the record date for Banco Itaú Chile's (ITAUCL) 2024 dividend eligibility?

Shareholders must be registered by midnight on April 30, 2025, to be eligible for the dividend.