Q: I hold some ING in my US margin account and was puzzled by this statement from the ING report of Feb 12, 2019
Proposed dividend of €1.10 per share
In line with the Group's dividend policy, a proposal to distribute a dividend of €1.10 per share will be presented to the Annual General Meeting of shareholders on 11th June 2019, representing a distribution rate of 36%. This dividend will be payable in cash or shares, according to the holder's preference.
Is this an annual dividend?
If not annual how often is it paid?
Is one share of an ADR = one ING share?
In USD should I consider that about $1.25?
Thanks....
Proposed dividend of €1.10 per share
In line with the Group's dividend policy, a proposal to distribute a dividend of €1.10 per share will be presented to the Annual General Meeting of shareholders on 11th June 2019, representing a distribution rate of 36%. This dividend will be payable in cash or shares, according to the holder's preference.
Is this an annual dividend?
If not annual how often is it paid?
Is one share of an ADR = one ING share?
In USD should I consider that about $1.25?
Thanks....