KBCSF - KBC Group: A 7% Dividend Yield With A 51% Payout Ratio
2024-02-10 11:40:00 ET
Summary
- KBC Group reported decent Q4 results despite the challenges faced by the financial sector in 2023.
- The net interest income increased by 6% to 5.47B EUR, and total insurance revenue also saw growth.
- The bank expects stable earnings in 2024, with low loan loss provisions and a sustainable dividend yield of almost 7%.
Introduction
As it has been a while since I discussed KBC Group (KBCSF) (KBCSY), the recent publication of the full-year results for 2023 is a good moment to check up on the performance of the Belgian bank/insurance company....
KBC Group: A 7% Dividend Yield With A 51% Payout Ratio