Hannover Re Unveils 4.5% Dividend Yield, Boosting Shareholder Value
Hannover Re SE has revealed a new dividend strategy that could serve as a bullish catalyst for its shares today. The strategy guarantees a substantial dividend yield of 4.5%, effective from 2025.
The new strategy ensures that shareholders will receive at least one dividend at the previous year's level, with a long-term increase. This means that the company aims to distribute around 55% of its IFRS net consolidated profit to shareholders in the future.
Analysts have responded positively to this news. They expect an earnings per share of around 21 euros for the 2025 business year. Based on this, a potential dividend proposal could reach 11.55 euros. This is a significant increase from the current dividend yield. Additionally, the previously established instrument of a special dividend will be integrated into the regular dividend, providing further reassurance to shareholders.
Hannover Re SE's new dividend strategy, set to begin in 2025, promises a substantial dividend yield and long-term growth. This is likely to be well-received by shareholders and could drive share prices up today.
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