At the share price before the announcement, this would imply a DY of 5.5%. The ex-date is set for 10 June 2024.

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 27.1m, was approved, implying a payout ratio of 42%. This would mean that on a per-share basis, a gross dividend of EUR 1.75 DPS will be paid. At the share price before the announcement, the DY amounted to 5.5%.

The ex-date is set for 10 June 2024, while the payment date is set for 12 June 2024. 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 – 2024)

Source: Sava Re, InterCapital Research