Despite the volatility seen on equity markets throughout the year, DVB’s share price proved to be resilient – given the described market conditions – and gratifyingly stable, reflecting above all the narrow market in which the shares trade, due to the low free float.
The DVB share price was only exposed to moderate fluctuations during the course of 2016, reaching its high for the year of €25.25 on 23 December 2016. The lowest price of €21.85 was recorded on 11 November 2016. The year-end share price was €23.50, equivalent to the Bank's market capitalisation of €1.09 billion.
Shareholders were paid a dividend of €0.30 per notional no-par value share from DVB Bank SE's net retained profit for 2015. Due to the fact that no net retained profit is reported, no dividend will be paid. For this reason, no proposal for the appropriation of profits will be submitted to the Annual General Meeting on 22 June 2017.
© DVB Bank SE 2017
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