At the current share price, this translates to a dividend yield of 4.5%, while the ex-date would be on 24 April 2020.

Imperial Riviera published a document on the Zagreb Stock Exchange announcing that the Supervisory board of the company has proposed a dividend of HRK 34.92 per share. When we would compare it to last years dividends in Imperial and Hoteli Makarska it would be an increase of 59%.

At the current share price, this translates to a dividend yield of 4.5%.  The company notes that the ex-date would be on 24 April 2020, while the payment date would occur on 19 May 2020.

As a reminder, Valamar together with AZ pension fund own 89.86% of class A of shares of Imperial Riviera that in total amount to 1,001,401. In December 2019 Valamar together with AZ pension fund and Allianz further increased capital for 488,012 shares of class B which are not listed on Zagreb Stock Exchange. In order to read more on shareholding structure of these share please clique here. After capital increase Valamar Riviera is the biggest sole shareholder and it owns 43.68% of share capital of Imperial Riviera, while AZ mandatory pension fund owns 47.02% of share capital.

The company also published a call to the GSM where they announced that net income for 2019 amounts to HRK 59.1m, while dividend would be paid from previous years’ retained earnings.