Subsidiary of Valamar Riviera Approves HRK 34.92 DPS

At the share price before the dividend announcement, this would amount to a DY of 4.11%. The ex-date is set for 27 September 2022.

After the GSM meeting which was held yesterday, 22 September 2022, Valamar Riviera’s subsidiary, Imperial Riviera published a document pertaining to the resolutions from the GSM. According to the document, a dividend payment in the total amount of HRK 79.6m would be paid out from retained earnings from 2016, 2017, 2018, and 2019, in the following way: HRK 820.8k from 2016, HRK 15.2m from 2017, HRK 18.8m from 2018, and HRK 44.7m from 2019.

This would mean that the dividend per share amounts to HRK 34.92, which at the share price before the dividend announcement would amount to a dividend yield of 4.11%. As a reminder, Imperial Riviera did not pay out a dividend in 2021 due to receiving the government’s COVID-19 pandemic support. With 1 August being the first date that the companies that received this support could pay out dividends, later dividend payments were expected. Valamar Riviera itself already approved the dividend payment, of which you can read more here.

The dividend ex-date is set for 27 September 2022, while the payment date is set for 29 September 2022.

Category : Flash News

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