My Market Wizard

GDEV Inc. 6-K Analysis & Summary – 2/21/2025

⚠️This is not investment advice.

⚠️ This is an experimental project and this report is for informational purposes only and should not be considered investment advice. Conduct your own thorough research and consult with a qualified financial advisor before making any investment decisions. ⚠️

GDEV Inc.

Filing date:

02/21/2025

TLDR:

GDEV Inc. announced a one-time special cash dividend of $3.31 per share, representing a yield of approximately 20%, payable on March 11, 2025.

ELI5:

GDEV is giving its shareholders a one-time cash payment of $3.31 for each share they own because the company has a lot of extra money.

Accession #:

0001104659-25-015907

Published on

Analyst Summary

  • GDEV Inc. announced a one-time, nonrecurring special cash dividend of $3.31 per share.
  • The dividend represents approximately a 20% yield based on the volume-weighted average price of the Company’s shares for the last 30 trading days.
  • The special dividend is payable on March 11, 2025, to shareholders of record as of March 3, 2025.
  • The total dividend payout is approximately $60 million, funded from accumulated profits.
  • GDEV’s total cash balance is approximately $153 million as of Q3 2024.
  • The company expects to release its audited results for the 2024 financial year around the end of the first quarter of 2025.
  • GDEV aims to optimize its capital structure by reducing excess liquidity.
  • The company emphasizes its commitment to disciplined capital allocation and long-term value creation.
  • GDEV will remain debt-free with a substantial cash balance after the distribution.

Potential Implications

Stock Price

  • The special dividend could positively impact the stock price in the short term due to the attractive yield.
  • The announcement may signal financial strength and stability, potentially increasing investor confidence.

⚠️ This is an experimental project and this report is for informational purposes only and should not be considered investment advice. Conduct your own thorough research and consult with a qualified financial advisor before making any investment decisions. ⚠️