(ANSA) - MILAN, JULY 29 - Mediobanca closes the year 2020/21 with a record revenue, which rose to 2,628 million euros (+ 5% on the previous year), thanks to the increased scale and profitability of wealth management and solid activity in corporate and investment banking (cib) and accompanied by a record also in commissions, up 18% to 745 million.
The profit, we read in the note announcing the results, stood at 808 million euros, up by 35% on 2019/20 and above the consensus of analysts, who expected profits of 789 million.
Piazzetta Cuccia will detach a coupon of € 0.66 per share, equal to a pay-out of 70% and a dividend of approximately € 0.6 billion. A new buyback plan has been approved which will interest up to 3% of the capital, which at the current values of Borsa is worth another 266 million. The 70% pay-out is also confirmed for 2022 while the own shares in the portfolio, equal to 22.6 million shares, are canceled. (HANDLE).
