At the closing price before the announcement, this would amount to a DY of 5%. Ex-date is set for 18 June 2024, while the payment date is set for 12 July 2024.

Ina has published the resolutions of its GSM held on Friday. Among the resolutions, the most interesting one is the approval of the 2023 dividend payment. According to the report, out of the net profit of EUR 212.8m achieved in 2023 and retained earnings of EUR 27.2m, EUR 240m will be used for dividend payment.

This would translate into a dividend of EUR 24 DPS. At the closing price before the announcement, this would amount to a DY of 5%. The ex-date is set for 18 June 2024, while the payment date is set for 12 July 2024.

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

INA dividends per share (EUR)* and dividend yields (%) (2015 – 2024)

Source: ZSE, InterCapital Research