In 2022, the company made an operating profit of €14.2 billion, representing a growth of 5.7% from the previous year. As a result, it is expected that the dividend will be a minimum of €12.00 in fiscal year 2023 and €12.60 in 2024.
The company’s management is confident of an annual increase of at least 5% in its dividends in the coming years. This amounted to a growth of 5.6%, as compared to the payment of €10.8 in the previous year. The company announced a dividend of €11.4 per share for 2022, which is payable on May 9. The company’s existing dividend yield stands at 4.84%, which is notably higher than the industry average of 2.1%. Tempting DividendsĪllianz has maintained a record of distributing dividends on a regular basis, and the amount of such payments has increased over the years. The cherry on top is the company’s dividend policy.
Moving forward, analysts remain cautiously bullish on the company and believe the higher interest rates will lead to a more positive turnaround. During the second half of the previous year, the stock showed some signs of stability and put on a modest performance. In the last six months, the stock has been trading up by 18% after underperforming the market in the last year. The company offers a diverse range of insurance and asset management solutions. Allianz SE (DE:ALV) is a well-established insurance company headquartered in Germany and has a global reach across over 70 countries.
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