Dividend

Dividend policy

• Intention to distribute each year approximately 40% of adjusted net profit via ordinary dividends (for the definition of adjusted net profit please refer to www.juliusbaer.com/apm)
• Unless justified by significant events, the Group intends to keep the per-share ordinary distribution to be at least equal to previous year’s dividend
• In deciding on its distribution proposal, the Group will at all times consider minimum capital requirements, the business and market outlook, and near-term significant investment requirements and opportunities
• From time to time, if justified, special dividends and/or share buybacks can be considered

Dividend payments

Distribution for the Financial Year 2019

Following a request by the Swiss Financial Market Supervisory Authority FINMA and underlining Julius Baer’s support for a joint effort by all parties involved in the face of the challenges of the COVID-19 crisis and for the measures approved by the Swiss Federal Council on 25 March 2020, the Board of Directors amended its 2019 dividend proposal by splitting the distribution of CHF 1.50 per ordinary share into two equal distributions of CHF 0.75 per share. The first distribution of CHF 0.75 per share (consisting of a distribution of the “statutory capital reserve” of CHF 0.375 per share¹ and a dividend of CHF 0.375 per share²) was made on 25 May 2020. The second distribution of CHF 0.75 per share (consisting of a distribution of the “statutory capital reserve” of CHF 0.375 per share¹ and a dividend of CHF 0.375 per share²) was made on 6 November 2020.

Dividend history

1 Not subject to Swiss withholding tax
2 Subject to 35% Swiss withholding tax