Want to know when the company’s 2021 announcements are expected? We have the details below.
The post Own IAG (ASX:IAG) shares? Here are the key dates to pencil in for 2022 appeared first on The Motley Fool Australia. –
The Insurance Australia Group Ltd (ASX: IAG) share price has performed poorly over the course of 2021.
Since the start of the year, the insurance giant’s shares have lost almost 10% in value.
At yesterday’s market close, IAG shares finished the day down a further 0.46% to $4.31. This is not far off its decade low of $4.19 reached last week.
In comparison, the S&P/ASX 200 Index (ASX: XJO) tracked 14% over the same timeframe. The benchmark index reached a record high of 7,632 points in mid-August, before going on a mini-rollercoaster ride.
With the year almost done, investors may be wondering what’s ahead for Australia’s premier insurance provider in 2022.
Below we take a glance at some of the key dates to watch out for.
What’s ahead for IAG in 2022?
Recently, IAG released its calendar for the 2022 financial year.
The biggest date around the corner will be 11 February, when IAG plans to deliver its half-year results. Along with its six-month performance review, the interim dividend is also to be announced.
The ex-dividend date for the interim dividend is scheduled to fall a few days later on 15 February. This is when investors must have purchased IAG shares to be eligible for the upcoming interim dividend payment.
In addition, eligible shareholders can elect to participate in the dividend reinvestment plan (DRP) with the deadline being 17 February. For those who participate, a discount will be applied to the volume-weighted average price of receiving IAG shares.
The payment date for the interim dividend is set for 24 March, when investors will collect a portion of the company’s profits.
In contrast, IAG handed shareholders a fully franked interim dividend of 7 cents per share for the first half of FY21.
The above process will again repeat itself with IAG releasing its full-year results on 12 August.
The board will declare the final dividend for FY22 with the ex-dividend on 18 August. This will be followed by the record day on 19 August, and the last election date for shareholders to opt-in to the DRP on 22 August.
The final dividend payment in which shareholders can expect to be rewarded will be on 22 September. Previously, the company paid out a fully franked final dividend of 13 cents per share in FY21.
Lastly, IAG will hold its 2022 annual general meeting on 21 October. This will likely recap the events over the last 12 months, as well as the near-term outlook for the insurance group.
IAG share price snapshot
Based on today’s price, IAG presides a market capitalisation of roughly $10.67 billion, with approximately 2.47 billion shares on issue.
The company currently has a trailing dividend yield of 4.5%.
The post Own IAG (ASX:IAG) shares? Here are the key dates to pencil in for 2022 appeared first on The Motley Fool Australia.
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Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns and has recommended Insurance Australia Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.