External dividends to shareholders
Distribution to shareholders since 2013,
in USD billions
Based on the Group’s solid economic earnings, the Board of Directors proposes a regular dividend of CHF 5.60 per share for the 2018 financial year, up from CHF 5.00 in 2017.
Consistent with the established capital management priorities, the Board of Directors proposes a further public share buyback programme. The first tranche of up to CHF 1.0 billion purchase value would commence at the discretion of the Board of Directors shortly after the 2019 AGM approval, subject to regulatory approvals. The second tranche of up to CHF 1.0 billion purchase value is conditional on the 2019 development of the Group’s excess capital position.
1 Reflects total external dividend and public share buyback programmes between January 2013 and December 2018.
2 Principal Investments has paid to Group dividends of USD 1.0bn between January 2013 and December 2018.
3 Internal dividend flows from January 2013 to December 2018.