Bloomberg News

Banorte to Propose Dividend Payment of 17 Centavos on Oct. 24

October 14, 2011

Oct. 14 (Bloomberg) -- Grupo Financiero Banorte SAB will propose to shareholders that a dividend payment of 17 centavos be made on Oct. 24, according to a statement to Mexico’s stock exchange.

The payment would be part of a 52-centavo dividend approved by shareholders on July 25, Banorte said. To complete the dividend distribution, Banorte will make a payment of 17 centavos in February 2012 and 18 centavos in May 2012, the company said.

To contact the reporter on this story: Carlos Manuel Rodriguez in Mexico City at

To contact the editor responsible for this story: Jonathan Roeder at

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