Yesterday, ZVTG decreased by 3.3%, while POSR decreased by 1.6%.
Triglav and Sava Re went ex-date yesterday. Triglav’s share price decreased by 3.31%, closing at EUR 34 per share. Meanwhile, Sava Re noted a decrease of 1.6%, closing at EUR 26.3 per share.
As a reminder, the shareholders of Triglav approved a dividend of EUR 1.70 per share, which translated into a dividend yield of 5.3%.
The shareholders of Sava Re, on the other hand, approved a dividend of EUR 0.85 per share, which translated into a dividend yield of 3.6%.
We note that both insurers did not pay out a dividend in 2020, due to a regulatory ban. However, this year both insurers decided to pay out a dividend, despite the recommendation by the regulator to suspend dividends until 30 September 2021.