Eleving Group Announces New Dividend Policy

Eleving Group S.A. confirmed the approval of a new dividend policy by its Director and Supervisory Board on July 30, 2024. The policy outlines semi-annual dividend payments with a payout ratio ranging from 30% to 50%, depending on the company's equity ratio.

Interim dividends will be calculated on unaudited six-month financials, while annual dividends will be based on audited twelve-month statements. For instance, a 50% payout ratio requires an equity ratio above 20% post-dividends. If the equity ratio is between 15% and 20%, a 40% payout ratio applies. A 30% payout ratio is set if the ratio falls below 15%.

CEO Modestas Sudnius emphasized that this policy adheres to best corporate governance practices and aims to reward investors by sharing the company's success. It is aligned with Eleving Group's long-term strategy and financial covenants.