Invalda INVL, one of the biggest asset management groups in the Baltic region, will pay shareholders dividends of EUR 7.6 million for 2021, allocating EUR 0.65 per share. That and other decisions were adopted at the general shareholders’ meeting of Invalda INVL held on 30 April.
“The company’s successful operations and existing financial resources allow paying dividends – that will give all shareholders the ability to choose to invest additionally or use the money they receive for other purposes,” Invalda INVL President Darius Šulnis said.
Those persons will have the right to receive the dividends who are shareholders of Invalda INVL at the end of business on 13 May this year. Based on the company’s 29 April share price, the dividend yield is 5.2%.
Also at the general shareholders’ meeting, the board of Invalda INVL was elected, consisting of Alvydas Banys and Indrė Mišeikytė and the independent member Tomas Bubinas.
And Invalda INVL’s audited results for 2021 were approved during the meeting. The company’s equity at the end of 2021 was EUR 121.2 million, or EUR 10.32 per share, and increased 45% compared to the end of 2020. Invalda INVL had a net profit last year of EUR 37.5 million – 7 times the 2020 amount (EUR 5.3 million)
Invalda INVL is a leading asset management group which is open and growing, invests with clients, and creates well-being for people through its work. The group’s companies, which operate in Lithuania and Latvia, serve over 260 000 individual and institutional clients from the region and abroad. Those clients have entrusted the Invalda INVL group with EUR 1.6 billion of assets for management in a variety of asset classes, including pension and mutual funds, individual portfolios, and private equity and other alternative investments.
The shares of Invalda INVL have traded on the Nasdaq Vilnius stock exchange since 1995.