DGAP-Adhoc: Commerzbank will not propose a dividend for 2019 to the Annual General Meeting and does not plan for a dividend for the current financial year before the uncertainties of COVID 19 have ended
DGAP-Ad-hoc: Commerzbank Aktiengesellschaft / Key word(s): Dividend In view of the European Central Bank's recommendation to banks from 27 March 2020 not to pay a dividend for 2019 and 2020 until at least 1 October 2020, the Board of Managing Directors of Commerzbank will not propose a dividend for 2019 to the Annual General Meeting 2020. For the current fiscal year 2020, the Management Board will not plan for a dividend payment until the uncertainties of COVID 19 have ended. The Board will then decide on this again as appropriate. Therefore, any quarterly profits can be fully included in the regulatory capital ratios. **** Contact: Christoph Wortig Head of Investor Relations Commerzbank AG Investor Relations Tel.: +49 69 136 - 21331 e-mail:[email protected]
30-March-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Commerzbank Aktiengesellschaft |
Kaiserstraße 16 | |
60311 Frankfurt am Main | |
Germany | |
Phone: | +49 (069) 136 20 |
Fax: | - |
E-mail: | [email protected] |
Internet: | www.commerzbank.de |
ISIN: | DE000CBK1001 |
WKN: | CBK100 |
Indices: | MDAX, CDAX, HDAX, PRIMEALL |
Listed: | Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated Unofficial Market in Tradegate Exchange; London, SIX |
EQS News ID: | 1010415 |
End of Announcement | DGAP News Service |
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1010415 30-March-2020 CET/CEST
Commerzbank AG Stock
We see a rather positive sentiment for Commerzbank AG with 6 Buy predictions and 1 Sell predictions.
As a result the target price of 18 € shows a positive potential of 22.66% compared to the current price of 14.68 € for Commerzbank AG.