TRIGLAV allocates 70.3% of 2018 net profit to dividend payments

4 April 2019 —
At the the General Meeting of Shareholders, the Supervisory Board and the Management Board of Zavarovalnica Triglav will propose the allocation of EUR 56.8 million to dividend payments, or EUR 2.50 gross per share for 2018.

The proposed dividend adheres to the provision of the Company's dividend policy to allocate at least 50% of consolidated net profit to dividend payments, while the Company strives to ensure that the amount of dividend is not lower than the year before.

The proposal of the Management and Supervisory Boards follows the adopted dividend policy of the Company, subordinated to achieving the medium-term sustainable target capital adequacy of Triglav Group. It is estimated that the target capital adequacy of Triglav Group as at the 2018 year-end was within its target range of 200-250%.

The proposed allocation of accumulated profit and the dividend amount takes into account the following three objectives: to ensure prudent capital management of Triglav Group and its financial stability, to reinvest net profit in the implementation of the growth and development strategy of Triglav Group, and to pay out attractive dividends to the shareholders.

Source: TRIGLAV

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