Línea Directa Aseguradora approves the payment of a second interim dividend of 0.023 euros gross per share
- The dividend will be paid in cash on 7 October.
- The deadline for trading Línea Directa Aseguradora (LDA) shares entitling shareholders to this dividend payment will be 4 October.
- Under this latest dividend, a total of 25.7 million euros will be delivered to shareholders against the insurer's earnings for the second quarter, thus maintaining a pay-out ratio of 90%.
- The annualised dividend yield is 5.53%, based on the listed share price at close of trading on 23 September 2021.
Madrid, 23 September 2021. At its meeting on 23 September 2021, the Board of Directors of Línea Directa Aseguradora agreed on a gross cash payment of 0.0236 euros per share as the second interim dividend for the 2021 fiscal year earnings, which represents a total of 25.7 million euros. The dividend will be paid in cash on 7 October.
The ex-dividend trading date (ex-date) for Línea Directa Aseguradora shares will be 5 October. Therefore, the last day of trading of the Company’s shares with a right to receive the dividend (last-trading date) will be 4 October. On 6 October, the registered shareholders who will receive the dividend will be determined (record date).
Following this latest dividend, Línea Directa Aseguradora has maintained a pay-out ratio of 90% in the second quarter, the same percentage of earnings distributed in July as the first interim dividend for 2021. This brings the annualised dividend yield to 5.53%, based on the share price at close of trading on 23 September 2021.