Swissquote announces distribution of CHF 0.60 per share to shareholders

Swiss provider of online financial and trading services Swissquote Group Holding SA (SWX:SQN) has announced the results of the Annual General Meeting of its shareholders, held on Friday – May 13, 2016.

Shareholders voted in favor of all of the proposals put forward by the Board of Directors of Swssquote, including approval for the annual report for 2015.

A decision was made that this year’s distribution to Swissquote’s shareholders will be made in the form of a reimbursement from Reserves from capital contributions that have been recognized for tax purposes and amounts to CHF 0.60 per share. The distribution will be paid as of May 20, 2016. The shares will be traded ex dividend as of May 18, 2016.

Swissquote had a solid 2015, in the face of the impact of the Swiss franc spike that dented profits in the first half of last year. Swissquote ended 2015 with a net profit of CHF 2.1 million, which means that the second half of the year was particularly strong for the broker. Operating revenues rose 4.2% year on year to CHF 151.6 million, with net revenues reaching CHF 146.6 million last year.

You can view the full report from Swissquote by clicking here.

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