Yesterday, Valamar Riviera’s shares went ex-date. Compared to the closing price, the stock decreased by 4.2%, which is slightly below the DY of 4.7%.

The ex-date refers to the previously approved dividend of EUR 0.22 DPS, or a DY of 4.7%. On the market closing price yesterday, the stock declined by 4.2%, which is slightly lower than the DY of 4.7%.

As a reminder, Valamar Riviera actually proposed one of the highest dividends/dividend yields this year as compared to other tourism companies, on the back of continued growth and stable operations of the Company, after the shock that the tourism companies took when the pandemic took place in 2020 and 2021. Combined with continued investments and upgrades to its portfolio, the Company has been able to increase its profitability even though in general, the number of tourist arrivals and nights remained pretty stagnant in 2022 and 2023, especially when compared to 2019, the last “normal” year before the pandemic, and also the “record” year that the numbers are usually compared to.

In the graph below, we are bringing you a historical overview of the company’s dividend per share and dividend yield.

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

Source: Valamar Riviera, InterCapital Research