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The Management Board and the Supervisory Board of Zavarovalnica Triglav will propose to this year's General Meeting of Shareholders to pay a dividend of EUR 1.75 gross per share, or EUR 39.8 million in total. The proposed dividend currently represents a dividend yield of 5% on the ZVTG share, aligning with investors' expectations for the ZVTG share and reflecting the expected average dividend yield of European insurance companies' shares for this year.
Andrej Slapar, President of the Management Board of Zavarovalnica Triglav, said: "With respect to the proposed dividend, both the Management Board and the Supervisory Board have, as always, followed the established dividend policy. This means that the dividend is attractive for shareholders and meets the requirement of sustainability, i.e. maintaining financial stability while fostering the continued growth and development of the Triglav Group. The proposed dividend payment greatly surpasses the Group's earnings, which were lower last year due to one-off negative events. This year, we expect our operations to normalise in line with our strategy. We aim to implement our dividend policy consistently, thereby meeting shareholders' expectations of being a stable, safe and profitable long-term investment."
The Company is expected to announce the convening of the regular General Meeting of Shareholders on 26 April 2024, scheduled to take place on 4 June 2024.
More information available in public announcement.