MEXICO CITY, Dec. 22, 2016 /PRNewswire/ -- Grupo Financiero Santander México, S.A.B. de C.V. (BMV: SANMEX; NYSE: BSMX) ("Santander México" or the "Company") and Banco Santander (México) S.A., Institución de Banca Múltiple Grupo Financiero Santander México ("Banco Santander México" or "the Bank") today announced that they held their respective General Ordinary Shareholders' Meetings (Asambleas Generales Ordinarias de Accionistas), at which the following resolution was approved: payment to its shareholders of a cash dividend from retained earnings in the amount of Ps.13,624 million, to be paid on December 30, 2016, which will be distributed to the Group's shareholders in proportion to the number of shares they own.
In 2017 and subsequently thereafter, the Company expects to continue its practice of paying annual ordinary dividends of its retained earnings, although dividend payments will ultimately be subject to annual earnings and shareholders' resolutions.
This material fact announcement is required to be made under Mexican law and does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any offer or sale of securities in the United States of America, Mexico or any other jurisdiction in which such offer, solicitation or sale would be prohibited prior to approval, registration or qualification under the securities laws of the United States, Mexico or any such jurisdiction.
About Grupo Financiero Santander México, S.A.B. De C.V. (NYSE: BSMX; BMV: SANMEX)
Grupo Financiero Santander México, S.A.B. de C.V. (Santander México), one of Mexico's leading financial services holding companies, provides a wide range of financial and related services, including retail and commercial banking, securities brokerage, financial advisory and other related investment activities. Santander México offers a multichannel financial services platform focused on mid- to high-income individuals and small- to medium-sized enterprises, while also providing integrated financial services to larger multinational companies in Mexico. As of September 30, 2016, Santander México had total assets of Ps.1,242 billion under Mexican Banking GAAP and more than 13 million customers. Headquartered in Mexico City, the Company operates 1,076 branches and 311 offices nationwide and has a total of 16,828 employees.
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SOURCE Grupo Financiero Santander Mexico, S.A.B. de C.V.