GDEV Inc. announced on February 21, 2025, that its Board of Directors authorized a one-time, nonrecurring special cash dividend of $3.31 per share. This dividend represents a yield of approximately 20% based on the volume-weighted average price of the company's shares for the 30 trading days prior to the announcement.
The special dividend, totaling approximately $60 million, is payable on March 11, 2025, to shareholders of record as of March 3, 2025. It will be funded from GDEV’s accumulated profits over the past few years, utilizing a portion of the company's total cash balance of approximately $153 million as of Q3 2024.
This decision optimizes GDEV's capital structure by reducing excess liquidity and providing a more efficient operating model. The company emphasized that it remains debt-free with a substantial cash balance, ensuring financial stability and continued investment in its existing portfolio and future initiatives.
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