Eleving Group zahlt Dividende nun halbjährlich

Mittwoch, 31. Juli 2024

Pressemitteilung der Eleving Group S.A.:

The Group’s Director and Supervisory Board, on July 30, 2024, approved a new official dividend policy aiming to pay semi-annual dividends with a payout ratio of 30-50%.

As stated in the policy, shareholders can expect dividend payouts two times a year in the form of interim (calculated on the unaudited six-month financials) and annual dividends (calculated on the audited twelve-month statements).

The dividend payout ratio will depend on the post-dividend equity ratio. The equity ratio is calculated by dividing equity by total assets. The equity ratio (post dividends) must be above 25% for dividends to be paid to investors with a 50% payout ratio.

“Following the best corporate governance and business transparency practices, we have approved a new dividend policy, the main goal of which is to reward those who have put trust in our business model and the management. We are now strong enough to share our success on a more regular basis. For us, the new policy gives a clear dividend payout framework, considering the business needs, economic conditions, and our desire to bring more value to shareholders. It is worth noting that the policy complies with our financial covenants related to other Group’s capital markets commitments and is a focal part of a well-thought long-term strategy,” on the new policy comments Modestas Sudnius, the CEO of Eleving Group.

Eleving Group S.A.

Titelfoto: pixabay.com

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