The Bank had 48,265 shareholders as of 31 December 2018 (up by 1,155 year on year), of which 42,907 were private individuals from the Czech Republic (greater by 1,038 from the year earlier). Strategic shareholder Société Générale maintained its 60.4% stake while minority shareholders owned 39.0% and KB held 0.6% of registered capital in treasury.
In accordance with its intention announced in February 2018 regarding the share of 2018’s net profit to be paid out in dividends, and in view of KB’s 2018 result, capital position and outlook for growth in risk-weighted assets and capital requirements, Komerční banka’s Board of Directors has decided to propose to the Supervisory Board a dividend payment of CZK 9,693 million. That would come to CZK 51 per share and put the payout ratio at 65% of KB Group’s attributable consolidated net profit. The corresponding gross dividend yield based on 2018’s closing share price is 6.02%. The distribution of the year’s earnings, including the decision on dividend payment, is subject to a vote of the Annual General Meeting.
KB management strives to maintain the Bank’s capital structure so that it is safe, efficient and adequate with respect to applicable and anticipated regulations. Considering the current state of affairs, KB management intends for 2019 to propose distributing as dividends 65% of attributable consolidated net profit earned in the year, subject to no significant changes in regulatory requirements.