GDEV Declares One-Time, Nonrecurring Special Cash Dividend of $3.31 Per Share
GDEV Inc. (Nasdaq: GDEV) has announced a one-time special cash dividend of $3.31 per share, representing approximately 20% yield based on the 30-day volume-weighted average price. The dividend, totaling $60 million, will be paid on March 11, 2025, to shareholders of record as of March 3, 2025.
The distribution will be funded from accumulated profits and represents a portion of GDEV's total cash balance of approximately $153 million (as of Q3 2024). The company will remain debt-free after the distribution and maintains a substantial cash balance for future growth initiatives.
This is GDEV's first dividend since its public listing, and the company does not anticipate declaring further dividends in the foreseeable future. The decision aims to optimize capital structure and reduce excess liquidity while maintaining financial stability.
GDEV Inc. (Nasdaq: GDEV) ha annunciato un dividendo speciale una tantum in contante di $3,31 per azione, che rappresenta circa il 20% di rendimento basato sul prezzo medio ponderato per volume degli ultimi 30 giorni. Il dividendo, per un totale di $60 milioni, sarà pagato il 11 marzo 2025 agli azionisti registrati al 3 marzo 2025.
La distribuzione sarà finanziata con utili accumulati e rappresenta una parte del saldo di cassa totale di GDEV di circa $153 milioni (al terzo trimestre del 2024). L'azienda rimarrà senza debiti dopo la distribuzione e mantiene un sostanziale saldo di cassa per future iniziative di crescita.
Questo è il primo dividendo di GDEV dalla sua quotazione pubblica e l'azienda non prevede di dichiarare ulteriori dividendi nel prossimo futuro. La decisione mira a ottimizzare la struttura del capitale e ridurre la liquidità eccessiva mantenendo la stabilità finanziaria.
GDEV Inc. (Nasdaq: GDEV) ha anunciado un dividendo especial en efectivo único de $3.31 por acción, lo que representa aproximadamente un 20% de rendimiento basado en el precio promedio ponderado por volumen de 30 días. El dividendo, que totaliza $60 millones, se pagará el 11 de marzo de 2025 a los accionistas registrados hasta el 3 de marzo de 2025.
La distribución se financiará con ganancias acumuladas y representa una parte del saldo total de efectivo de GDEV de aproximadamente $153 millones (hasta el tercer trimestre de 2024). La empresa permanecerá libre de deudas después de la distribución y mantiene un saldo de efectivo sustancial para futuras iniciativas de crecimiento.
Este es el primer dividendo de GDEV desde su cotización pública, y la empresa no anticipa declarar más dividendos en el futuro previsible. La decisión tiene como objetivo optimizar la estructura de capital y reducir la liquidez excesiva mientras se mantiene la estabilidad financiera.
GDEV Inc. (Nasdaq: GDEV)는 주당 $3.31의 일회성 특별 현금 배당금을 발표했습니다. 이는 30일 거래량 가중 평균 가격을 기준으로 약 20%의 수익률을 나타냅니다. 총 $60백만의 배당금은 2025년 3월 11일에 2025년 3월 3일 기준 주주에게 지급될 예정입니다.
이번 배당금은 누적된 이익으로 지급되며, GDEV의 총 현금 잔고 약 $153백만(2024년 3분기 기준)의 일부를 차지합니다. 배당금 지급 후에도 회사는 부채가 없으며, 향후 성장 이니셔티브를 위한 상당한 현금 잔고를 유지합니다.
이번이 GDEV의 상장 이후 첫 번째 배당금이며, 회사는 가까운 미래에 추가 배당금을 선언할 계획이 없습니다. 이 결정은 자본 구조를 최적화하고 과도한 유동성을 줄이며 재무 안정성을 유지하는 것을 목표로 합니다.
GDEV Inc. (Nasdaq: GDEV) a annoncé un dividende spécial en espèces unique de 3,31 $ par action, représentant un rendement d'environ 20 % basé sur le prix moyen pondéré par le volume sur 30 jours. Le dividende, d'un total de 60 millions de dollars, sera versé le 11 mars 2025 aux actionnaires inscrits au 3 mars 2025.
La distribution sera financée par des bénéfices accumulés et représente une partie du solde total de liquidités de GDEV d'environ 153 millions de dollars (au troisième trimestre 2024). L'entreprise restera sans dette après la distribution et maintient un solde de liquidités substantiel pour de futures initiatives de croissance.
C'est le premier dividende de GDEV depuis son introduction en bourse, et l'entreprise ne prévoit pas de déclarer d'autres dividendes dans un avenir prévisible. La décision vise à optimiser la structure du capital et à réduire la liquidité excédentaire tout en maintenant la stabilité financière.
GDEV Inc. (Nasdaq: GDEV) hat eine einmalige Sonderdividende von $3,31 pro Aktie angekündigt, die eine Rendite von etwa 20% basierend auf dem 30-Tage volumengewichteten Durchschnittspreis darstellt. Die Dividende, die insgesamt $60 Millionen beträgt, wird am 11. März 2025 an die am 3. März 2025 registrierten Aktionäre ausgezahlt.
Die Ausschüttung wird aus angesammelten Gewinnen finanziert und stellt einen Teil des Gesamtbarbestands von GDEV von etwa $153 Millionen (Stand Q3 2024) dar. Das Unternehmen wird nach der Ausschüttung schuldenfrei bleiben und hält einen erheblichen Bargeldbestand für zukünftige Wachstumsinitiativen.
Dies ist die erste Dividende von GDEV seit dem öffentlichen Börsengang, und das Unternehmen rechnet nicht damit, in absehbarer Zukunft weitere Dividenden zu erklären. Die Entscheidung zielt darauf ab, die Kapitalstruktur zu optimieren und überschüssige Liquidität abzubauen, während die finanzielle Stabilität gewahrt bleibt.
- Special dividend of $3.31 per share, representing 20% yield
- Strong cash position of $153 million as of Q3 2024
- Company remains debt-free after $60 million distribution
- Accumulated profits enable dividend without compromising growth investments
- No recurring dividend program planned
- Significant reduction in cash reserves by $60 million
LIMASSOL, Cyprus, Feb. 21, 2025 (GLOBE NEWSWIRE) -- GDEV Inc. (Nasdaq: GDEV), an international gaming and entertainment company (“GDEV” or the “Company”), today announced that its Board of Directors has authorized and approved a one-time, nonrecurring special cash dividend of
This one-time special dividend, totaling approximately
By distributing a portion of its retained earnings, GDEV better optimizes its capital structure, reducing excess liquidity and providing for a more lean and efficient operating model. This decision reflects the Company’s commitment to disciplined capital allocation and long-term value creation. The Board’s confidence in GDEV’s financial strength underscores its proactive approach to maintaining an optimal balance between stability and growth in the volatile environment. Importantly, this special dividend is a one-time distribution and does not establish a recurring dividend program. It is not anticipated that the GDEV’s Board of Directors will declare any further dividends in the foreseeable future.
GDEV Founder, CEO, and Chairman of the Board of Directors, Andrey Fadeev, stated: “The special dividend is the first in the Company’s history since our public listing. The decision to declare a special dividend underscores our commitment to delivering value to our shareholders while maintaining a strong financial position. Our robust balance sheet enables us to return capital to shareholders without compromising our ability to invest in the Company’s long-term growth. Following this distribution, GDEV will remain debt-free with a substantial cash balance providing financial stability and the continued development of both our existing portfolio and future initiatives.”
About GDEV Inc.
GDEV is a gaming and entertainment holding company, focused on development and growth of its franchise portfolio across various genres and platforms. With a diverse range of subsidiaries including Nexters and Cubic Games, among others, GDEV strives to create games that will inspire and engage millions of players for years to come. Its franchises, such as Hero Wars, Island Hoppers, Pixel Gun 3D and others have accumulated over 550 million installs and
Contacts:
Investor Relations
Roman Safiyulin | Chief Corporate Development Officer
investor@gdev.inc
Cautionary statement regarding forward-looking statements
Certain statements in this press release may constitute “forward-looking statements” for purposes of the federal securities laws. Such statements are based on current expectations that are subject to risks and uncertainties. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements.
The forward-looking statements contained in this press release are based on the Company’s current expectations and beliefs concerning future developments and their potential effects on the Company. There can be no assurance that future developments affecting the Company will be those that the Company has anticipated. Forward-looking statements involve a number of risks, uncertainties (some of which are beyond the Company’s control) or other assumptions. You should carefully consider the risks and uncertainties described in the “Risk Factors” section of the Company’s 2023 Annual Report on Form 20-F, filed by the Company on April 29, 2024, and other documents filed by the Company from time to time with the SEC. Should one or more of these risks or uncertainties materialize, or should any of the Company’s assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.
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1 Including the investments into high quality liquid securities.
FAQ
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