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Munich Reinsurance Company: Dividend payment for 2023 reaches record high
Find out how high Munich Reinsurance Company's dividend is for investors and what the dividend distribution means for 2023. April 26, 2024. #DAX40 #MunichReinsuranceGesellschaft #dividendjoy
Munich Reinsurance Company: Dividend payment for 2023 reaches record high
The general meeting of DAX 40 paper Münchener Rückversicherungs-Gesellschaft on April 25, 2024 decided to pay a dividend of EUR 15.00 for 2023. This increase of 29.31 percent compared to the previous year amounts to a total of EUR 1.58 billion for the shareholders. The Munich Reinsurance Company share certificate closed at EUR 423.20 on the day of the general meeting and is trading ex-dividend today. The dividend yield for 2023 is 4.00 percent, an increase compared to the previous year.
Over the period of one year, the Munich Reinsurance Company share price rose by 26.25 percent via XETRA. The real return, consisting of price gains and dividends, grew by 27.45 percent, which is higher than the pure share price growth. In comparison with peer group companies such as Allianz, Hannover Re and Talanx, Munich Re is a leading dividend stock. The total payout of EUR 1.58 billion places the company at the top, while Allianz's dividend yield of 13.80 percent leads the competition.
Analysts at FactSet forecast an increase in the dividend to EUR 16.09 for 2024, which would lead to an expected dividend yield of 3.79 percent. Münchener Rückversicherungs-Gesellschaft, a DAX 40 company with a current stock market valuation of EUR 57.453 billion, reported sales of EUR 64.732 billion in 2023 and achieved earnings per share of EUR 33.87.