At the closing price before the announcement, this would amount to a DY of 4.5%. Ex-date is set for 20 June 2023.

Ina has published the resolutions of its GSM held on 15 June 2023. Among the resolutions, the most interesting one is the approval of the 2022 dividend payment. According to the report, out of the net profit of EUR 243.8m achieved in 2022, EUR 200m will be used for dividend payment, EUR 12.2m will be transferred into legal reserves, 31.6 will be transferred into retained earnings.

This implies a payout ratio of 82%, which would translate into a dividend of EUR 20 DPS. At the closing price before the announcement, this would amount to a DY of 4.5%. The ex-date is set for 20 June 2023, while the payment date is set for 14 July 2023.

Below we provide you with the Company’s historical dividend per share and dividend yields.

INA dividends per share (EUR)* and dividend yields (%) (2015 – 2023)

Source: ZSE, InterCapital Research