Dividend policy of Vienna Insurance Group
New dividend policy
In March 2019 the Management Board of VIG decided on a new dividend policy taking into account the feedback received from the investor survey in summer 2018. The new dividend policy defines a payout ratio in the range of 30% to 50% of Group profits after taxes and non-controlling interests. Going forward, the aim is to keep the dividend per share aligned with Group performance.
Elisabeth Stadler, CEO:
As a result of the very positive business development and based on our new dividend policy the Managing Board will once again recommend a significant increase in the dividend from EUR 0.90 to EUR 1.00 per share for the financial year 2018. In the current interest rate environment that corresponds to an attractive dividend yield of 4.9 percent.”
Dividend for the financial year 2018
The Annual General Meeting approved the proposal of the Managing and Supervisory Boards of VIG and resolved to increase the dividend from 90 cents to EUR 1.00 per share. The dividend payment date is 29 May 2019.
Historic dividend payments for the financial years 2005 - 2018
On 20 June 2005 the preference shares were converted 1:1 into ordinary shares with voting rights (ISIN AT0000908504).
Historical dividends for the financial years 1994-2004
The figures presented in the graph below show the dividends per share in Euros for the ordinary share as well as for the preference share. The seven for one stock split in July 2004 has been taken into account.