Spain's BBVA Approves New Dividend Option Program
March 29 2011 - 8:05PM
Dow Jones News
DOW JONES NEWSWIRES
Spain's Banco Bilbao Vizcaya Argentaria SA (BBVA, BBVA.MC) said
Tuesday its board has approved a new "dividend option" remuneration
program under which shareholders can choose whether to collect a
complementary 2010 dividend in cash or through new tax-free bank
shares.
In a press release, the bank said it will offer one new share
for every 59 old BBVA shares.
The program will apply to BBVA's complementary 2010 dividend
payment due in April and to one of the 2011 dividend payments, the
bank added.
-By Enza Tedesco, Dow Jones Newswires;
enza.tedesco@dowjones.com
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