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ALV Allianz AG

265.90
2.80 (1.06%)
26 Apr 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type
Allianz AG TG:ALV Tradegate Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.80 1.06% 265.90 265.40 266.30 266.50 262.70 264.00 52,688 22:50:03

Allianz Set to Start Increasing Dividends by at Least 5%

03/12/2021 6:38am

Dow Jones News


Allianz (TG:ALV)
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   By Joshua Kirby 
 

Allianz SE will increase its shareholder dividend by at least 5% on year starting with this year's payout, the German insurer said late Thursday.

Ahead of its capital-markets day Friday, Allianz set out its dividend policy, under which the regular payout remains at 50% of adjusted group net profit, but with a further objective of paying out at least 5% more each year than the year before. This will apply to the dividend for 2021, Allianz said.

The policy, which aims to be "attractive" to shareholders, is subject to a sustainable Solvency II capitalization ratio now above 150%, the insurer added.

The company said it will also continue to aim to return excess capital to investors in a flexible manner, through, for example, share buybacks.

 

Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby

 

(END) Dow Jones Newswires

December 03, 2021 01:23 ET (06:23 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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