The top management of the insurance company Renaissance Insurance has recommended using 51% of the net profit for the past six months to pay dividends, according to a statement from the organization posted on the website of the information disclosure center.
Author:
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The board of directors of Renaissance Insurance has received a recommendation from the company’s management to allocate 51% of the net profit for the first half of the year to pay dividends.
If the board of directors approves the decision, about 2 billion rubles will be allocated for dividends. Under these circumstances, the dividend amount will be 3.6 rubles per share.
Renaissance Insurance shares reacted to the news of management’s dividend recommendation with a 1.61% drop.
According to Renaissance’s financial report, the company’s net profit in the first half of 2024 decreased by 45% to RUB 3.9 billion compared to the same period in 2023. The company’s average annual return on equity reached 21.2%.
Renaissance’s dividend amount for 2023 amounted to 2.3 rubles per share and 1.28 billion rubles were allocated for dividends.
Author:
Kirill Bilyk
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
