6/17/2023 0 Comments Target presentation expert![]() Moving ahead, the company is expecting to maintain a similar level of operating profits in 2023.Īs the company prepares to announce its first-quarter earnings for 2023 on May 12, analysts have confirmed their Buy ratings for the stock. ![]() 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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