At the share price before the announcement, this would imply a DY of 4.5%. No ex-date or payment date information has been released yet.

During its Supervisory Board meeting held yesterday, 22 March 2023, the Supervisory Board gave its consent to the Management Board’s proposal for the distribution of profit for the year 2022. According to the report, out of the HRK 1.84bn (EUR 243.8m) of net profit achieved in 2022, INA will pay out EUR 200m as dividends, EUR 12.2m will be transferred into the legal reserves, while EUR 31.6m will be transferred into retained earnings. This would imply a payout ratio of 82%.

On a per-share basis, this would imply a dividend of EUR 20 DPS, and furthermore, a dividend yield of 4.5%. No details regarding the ex-date or the payment date have been released as of yet.

Below we provide you with the historical dividends per share and dividend yields of INA.

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

Source: INA, InterCapital Research

*Exchange rate used is the yearly average for a particular year from CNB