Línea Directa Aseguradora approves the payment of a third interim dividend of 0,023 euros gross per share
- The dividend will be paid in cash on 23 December.
- The deadline for trading Línea Directa Aseguradora (LDA) shares entitling shareholders to this dividend payment will be 20 December.
- Under this latest dividend, a total of 25.3 million euros will be delivered to shareholders against the insurer's earnings for the third quarter, thus maintaining a pay-out ratio of 90%.
The annualised dividend yield is 6.02%, based on the listed share price at close of trading on 13 December 2021.
Madrid, 13 December 2021. At its meeting on 13 December 2021, the Board of Directors of Línea Directa Aseguradora agreed on a gross cash payment of 0.023 euros per share as the third interim dividend for the 2021 fiscal year earnings, which represents a total of 25.3 million euros. The dividend will be paid in cash on 23 December.
The ex-dividend trading date (ex-date) for Línea Directa Aseguradora shares will be 21 December. Therefore, the last day of trading of the Company’s shares with a right to receive the dividend (last-trading date) will be 20 December. On 22 December, the registered shareholders who will receive the dividend will be determined (record date).
With this dividend payment, Línea Directa Aseguradora will distribute a pay-out ratio of 90% against the third quarter, the same percentage of earnings distributed in July and October as the first and the second interim dividend for 2021. This brings the annualised dividend yield to 6.02%, based on the share price at close of trading on 13 December 2021.