Valamar Riviera Approves HRK 1.2 DPS

At the share price before the announcement, this would amount to a DY of 3.6%. Ex-date is set for 26 September 2022.

Valamar Riviera held its GSM meeting yesterday during which they approved the dividend payment for 2022. According to the Company announcement, HRK 128.1m out of the 2018 retained earnings, as well as HRK 18.2m out of the 2019 retained earnings, shall be used for the dividend payment. This would mean that the dividend per share would amount to HRK 1.2, representing a DY of 3.6% before the date of the dividend announcement (8 August 2022).

Considering that Valamar did not pay out a dividend in 2021 (due to receiving COVID-19-related government support), the 2022 dividend is the return to form for the Company, at the same level as 2019 (in terms of DPS), but slightly lower in terms of the DY.

The ex-date is set for 26 September 2022, while the payment date is set for 28 September 2022. Below we provide you with the historical dividends per share and the dividend yields of the Company.

Dividend per share (HRK) & dividend yield (%) (2015 – 2022)

Category : Flash News

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