As a reminder, the shareholders approved at the General Assembly the distributable profit exceeding 50% of the Company’s consolidated net profit of the previous year in the amount of EUR 3.70 per share, representing a dividend yield of 9.5%.
Triglav went ex-date yesterday, which refers to the dividend in the total amount of EUR 3.70 per share. We note that the dividend yield was 9.5% (at the share price a day before the ex-date). The share price decreased yesterday by 5.37%, which is below DY of 9.5%.
As a reminder, 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).
Dividend per Share (EUR) and Dividend Yield (%) (2014 – 2022)