At the share price a day before the proposal, dividend yield is 6.3%, while ex-date is 20 June 2023.

The shareholders of Triglav approved the initial proposal of the Management Board regarding the  dividend payment. To be specific, the approved dividend is EUR 2.5 per share. The total amount of dividends of EUR 56.8m will slightly exceed 50% of the Company’s consolidated net profit of the previous year. We note that the company has been a consistent dividend payer prior to the pandemic, paying out EUR 2.5 per share for 5 consecutive years (as visible on the graph below).

At the share price a day before the proposal, dividend yield is 6.3%. However, at the current share price, dividend yield is 6.8%. Note that the ex-date is 20 June 2023.

Dividend per Share (EUR) and Dividend Yield (%) (2014 – 2023)

Source: LJSE, InterCapital Research