The Dividend for its Shareholders is capped at 6% (everything above goes to canton and bund)
3.1 WTF is there a dividend at all? Do other Central-banks pay out dividends?
3.2 Why is it capped?
3.3 Their gains vary, but from what I see its always 1.5 MCHF = 1.5 CHF per Share? (Schweizerische Nationalbank (SNB) - Erfolgsrechnung und Gewinnverwendung 2020)
Why did the shareprice increase so dramatically from 2015 on?
Is it the only listed âcompanyâ with an own money-printing-machine?
Can it be considered as a special asset class between stocks and bonds? (Since I canât Imagine a scenario where the SNB goes bust⊠unless the whole country collapses)
For many of the older ones, they started as a regular company that was given the right extend credit and give out bank notes at a country level, example UK: Bank of England - Wikipedia
The SNB and to some extent cantonal banks are (probably rightly) considered to be very safe investments because they benefit from virtually unlimited government guarantees. That guarantee that taxes or debt will be generated to bail them out makes them a closer relative of bonds than free market stocks. For what more or less amounts to Swiss government bonds, the returns are often pretty attractive.
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