At the share price before the announcement, this would amount to a DY of 5.5%. The ex-date is yet to be announced.

The Supervisory Board and the Management Board of Sava Re have proposed a draft resolution to the GSM for the distribution of 2023 profit. In total, EUR 27.1m would be paid out as dividends, representing a payout ratio of 42%. This would amount to a gross dividend of EUR 1.75 per share, representing a 9.4% increase from the previous dividend (DY amounted to 6.4%). Finally, we note this is within the planned payout range of 35% – 45% of the total Group’s net profit.

At the same time, the remaining part of the distributable profit of EUR 30.4m would be left unallocated as retained earnings. At the share price before the announcement, the EUR 1.75 DPS would amount to a dividend yield of 5.9%. The ex-date is yet to be announced.

Below we provide you with historic dividends per share and dividend yields of the Company.

Dividend per Share (EUR) and Dividend Yield (%) (2014 -2024)

Source: Sava Re, InterCapital Research