At the share price before the announcement, this would imply a DY of 6.4%. the ex-date is set for 19 June 2023.

Yesterday, Sava Re publishes its GSM resolutions, including the information regarding the dividend payment. According to the press release, the proposal for the distribution of profit in the amount of EUR 24.8m, was approved, implying a payout ratio of 36.3%. This would mean that on a per-share basis, a gross dividend of EUR 1.6 DPS will be paid. At the share price before the announcement, the DY amounted to 6.4%.

The ex-date is set for 19 June 2023, while the payment date is set for 21 June 2023. Below we provide you with the historical dividends per share and dividend yields of the Company.

Sava Re dividends per share (EUR) and dividend yields (%) (2014 – 2023)

Source: Sava Re, InterCapital Research