TrygVesta's capital structure is continuously optimsed while maintaining the necessary security for our shareholders and room for growth and development in the Group. We do not want to accumulate capital that exceeds the need for continuing our business and realising the our strategy, which is why we payout dividends.
Profit distribution policy
TrygVesta's profit distribution reflects our long-term earnings and cash flow potential, while maintaining an appropiate level of capitalisation:
- TrygVesta distributes 50% of the profit for the year as ordinary cash dividends.
- Any excess capital after distribution of ordinary dividends and taking into consideration the minimum capital requirement, strategy and growth, will be returned to shareholders in the form of a share buyback programme.
The cash dividends are approved at the annual general meeting.
For further information about our capital strategy and planning process, please our webpages on capitalisation.
Profit distribution
DKKm |
2005
|
2006
|
2007
|
Q1-Q3 2008 |
Equity at the beginning of period |
6,802 |
8,251 |
9,951 |
10,010 |
Resolved share buybacks for the period |
0 |
0 |
1,405 |
0 |
Resolved cash dividend for the period |
1,156 |
2,244 |
1,156 |
0 |
Actual share buybacks during the period |
0 |
0 |
0 |
810 |
| Cash dividend paid during the period |
1,156 |
2,244 |
2,244 |
1,456 |
Equity at the end of period |
8,215 |
9,951 |
10,010 |
8,623 |
Equity at 30 September 2008 adjusted for resolved distribution* |
- |
- |
7,449 |
8,028 |
* distribution resolved at the 2008 annual general meeting
Last update: 11 November 2008