Allianz Set to Start Increasing Dividends by at Least 5%
December 03 2021 - 1:38AM
Dow Jones News
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.
Allianz Ag Muenchen Namen (PK) (USOTC:ALIZF)
Historical Stock Chart
From Oct 2024 to Nov 2024
Allianz Ag Muenchen Namen (PK) (USOTC:ALIZF)
Historical Stock Chart
From Nov 2023 to Nov 2024
