Santander adjusts dividend payment to have more resources to support clients

Banco Santander Chile proposes a new dividend distribution proposal in order to multiply its capacity to support clients during the Coronavirus crisis contingency. The new dividend proposal contemplates payout 30% of 2019 net income attributable to shareholders; another 30% of 2019 net income destined to retained earning and the remaining 40% of net income will be destined to the Bank’s reserves.

Source: Global Newswire