Recent Buy : Munich Re

5 shares of Munich Re (MUV2) or Münchener Rückversicherungs-Gesellschaft in German were put into the dividend machine.

Founded in 1880 Munich Re has become one of the world’s leading reinsurers. In 2014 the company’s equity amounted to €30.3 billion. The group’s premium income for the year (gross premiums written) was €48.8 billion, with its consolidated result amounting to €3,171 million.  The largest shareholder is Warren Buffet, as of February 2015 with he holds 11.6 percent of the company.

 

Dividend

In the last 10 years Munich Re managed to increase its dividend, which is paid annually, from €2 in 2004 to  €7.75 in 2014. In that period the average payout ratio was 49%.

I bought 5 shares of Munich Re for € 201.20 per share including fees. The gross dividend yield equals 3,85%.   

Foto Credit : Munich Re

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