Industrial Bank proposes CNY1.06 dividend, outlines growth strategy

Shanghai-listed Industrial Bank (SSE:601166) announced its proposed 2024 annual profit distribution plan, recommending a cash dividend of ¥1.06 per share (tax included) to ordinary shareholders. This distribution, subject to shareholder approval at the 2024 annual general meeting, underscores the bank's commitment to shareholder returns. The total dividend payout will be based on the total number of ordinary shares registered on the equity registration date and maintains the bank's policy of increasing the dividend payout ratio yearly.