At the share price before the announcement, this would imply a DY of 4.7%. The ex-date is set for 29 April 2024, while the payment date is set for 24 May 2024.

Yesterday, Valamar Riviera held its GSM meeting, during which several resolutions were approved. Firstly, Valamar Riviera approved the distribution of profit in the form of dividends. According to the resolution, EUR 0.22 DPS will be paid out from the retained earnings of the years 2016, 2019, and 2021, while 2023’s net profit will be transferred into retained earnings. At the share price before the announcement, this would imply a DY of 4.7%.

The ex-date is set for 29 April 2024, while the payment date is set for 24 May 2024. During the same meeting, the shareholders also approved the start of the new share buyback program, after the old one ended.

Below we provide you with the historical dividend per share and dividend yield of the Company.

Valamar Riviera dividend per share (EUR) and dividend yield (%) (2015 – 2024)

Source: Valamar Riviera, InterCapital Research