EQS-Adhoc: VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe: Vienna Insurance Group sets new dividend policy

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EQS-Ad-hoc: VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe / Key word(s): Miscellaneous
VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe: Vienna Insurance Group sets new dividend policy

27-Nov-2023 / 16:28 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Vienna Insurance Group lets its shareholders continuously participate in its success since its initial listing on the Vienna Stock Exchange in 1994. With regard to dividend continuity and predictability VIG aims to pay in the future a dividend per share that is at least equal to that of the previous year and increases continuously depending on the operating earnings situation.

The dividend policy so far was linked to Group net profits and provided for a distribution in the range of 30 to 50%.

In order to reflect the resilience of the business model also in the dividend, the Management Board of VIG for the first time sets the minimum dividend at the respective previous year’s level, based on the Groups capital strength. The dividend per share for the 2023 financial year will therefore amount to at least EUR 1.30 in accordance with the dividend policy adopted today. The final dividend proposal will be communicated by the Management Board with the preliminary results for 2023.



End of Inside Information

27-Nov-2023 CET/CEST News transmitted by EQS Group AG. www.eqs.com


Language: English
Company: VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe
Schottenring 30
1010 Vienna
Austria
Phone: +43(0)50 390-22000
Fax: +43(0)50 390 99-22000
E-mail: info@vig.com
Internet: www.group.vig
ISIN: AT0000908504
WKN: A0ET17
Indices: Wiener Börse (ATX), Prager Börse (PX)
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 1782827

 
End of Announcement EQS News Service

1782827  27-Nov-2023 CET/CEST

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Vienna Insur Gr I 29,35 1,73%
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