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Shareholders of the South Tyrolean banks face an important decision
The current decision between cash or shares as a dividend payment for shareholders of South Tyrol banks - Find out more at Südtirol News! Tax aspects and risks are highlighted. #South Tyrol #Dividend #Bank shares
Shareholders of the South Tyrolean banks face an important decision
The shareholders of the two largest banks in South Tyrol, Südtiroler Volksbank and Südtiroler Sparkasse, have the opportunity to receive a high dividend in the next few days. Südtiroler Volksbank plans to distribute a dividend totaling 32 million euros with a net profit of 101 million euros, payable on May 17th. In contrast, the Südtiroler Sparkasse, with a net profit of 82 million euros, distributed a total of 21 million euros, payable on April 26th. In addition, shareholders have the choice of whether they would like to receive the dividend in cash or in the form of bank shares.
The banks emphasize that the decision to accept the dividend in the form of shares represents a tax relief for savers as it is not subject to the regular tax of 26 percent. However, the Robin consumer protection association and the South Tyrol Shareholders' Committee point out that paying out in shares carries similar risks as a direct investment in shares. The risks include, among others, illiquidity risks, capital risks, and the risk of losses on the sale of shares.
It is recommended that shareholders and savers carefully consider whether they want to forego the cash payment and receive the bank's shares, particularly in view of the risks mentioned. The consumer protection association and the shareholders' committee have even filed a complaint against Volksbank to point out missing information that was not sufficiently taken into account when paying out the dividend in shares. They are calling for an investigation to ensure that all necessary information is available to investors.