(CercleFinance.com) – Covivio announces that at the end of the subscription period, open from April 23 to May 7 inclusive, 77.5% of the capital opted for payment in shares of its dividend of 3.30 euros per share for 2023.
‘This operation also further strengthens the group’s balance sheet: by adding the recent strengthening operation in the hotel sector, Covivio will have raised 532 million euros in equity since the start of the year’, underlines the property company.
Furthermore, Covivio indicates that S&P has confirmed its financial rating at ‘BBB+, stable outlook’, the agency emphasizing ‘the good performance of the operational profile, diversified and driven by rental dynamics’.