At the current share price, the dividend yield is 6.3%. The ex-date is still to be announced.

The Management Board and the Supervisory Board of Triglav will propose to this year’s GSM that part of the accumulated profit be distributed for dividend payment.

Both the Management Board and the Supervisory Board assess that the bases for the dividend payment are appropriate and thus, in accordance with the Company’s dividend policy, propose a gross dividend of EUR 2.5 per share. The total amount of dividends of EUR 56.8m will 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 current share price, the dividend yield is 6.3%.

The dividend is subject to approval at the GSM, which should take place on 6 June 2023, while the ex-date is still to be announced.

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

Source: LJSE, InterCapital Research