The Liechtensteinische Landesbank pursues an attractive, long-term-oriented dividend policy for the benefit of its shareholders. Furthermore, under the StepUp2020 strategy, the LLB Group is committed to safeguarding its financial security and stability. It intends to keep risk-bearing capital at a Tier 1 ratio of over 14 percent (end of 2015: 20.6 %) in accordance with Basel III. Against this backdrop, the payout ratio for shareholders should be 40 to 60 percent of Group net profit.
The Board of Directors will propose a dividend of CHF 1.60 per share (2014: CHF 1.50) at the 24th Ordinary General Meeting of Shareholders on 4 May 2016, representing an increase of 6.7 percent on the dividend for 2014. Based on the share price as at the end of 2015, this corresponds to a dividend yield of 4.5 percent.
Total dividends to be paid out amount to CHF 46.1 million (2014: CHF 43.2 million). This represents a payout ratio of 53.4 percent for 2015 (2014: 60.0 %).
Dividend per share
2012–2015, in CHF
* Proposal of the Board of Directors to the General Meeting of Shareholders on 4 May 2016.