At the share price before the announcement, this would imply a DY of 2.3%. The ex-date is set for 3 May 2024, while the payment date is set for 15 May 2024.

Yesterday, in its 2023 annual report, Arena Hospitality Group also announced its dividend proposal, in the amount of EUR 0.75 DPS. At the share price before the announcement, this would imply a DY of 2.3%. According to the dividend policy, Arena aims to pay out 25% of the consolidated net profit, taking into account business performance, future capital investment plans, and the overall business environment. The dividend would be paid out from retained earnings of the Company. The ex-date is set for 3 May 2024, while the payment date is set for 15 May 2024.

The proposal is subject to approval by the GSM, which will be held on 25 April 2024. Below we provide you with the historical dividend per share and dividend yield of the Company.

Arena Hospitality Group dividend per share (EUR) and dividend yield (%) (2019 – 2024)

Source: Arena Hospitality Group, InterCapital Research