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Limassol, Cyprus – GDEV Inc. (Nasdaq: GDEV) announced a one-time, nonrecurring special cash dividend of $3.31 per share, payable on March 11, 2025, to shareholders of record as of March 3, 2025. This represents a roughly 20% yield based on the 30-day volume-weighted average share price.
The $60 million dividend will be funded from accumulated profits and represents a portion of the company's $153 million cash balance (as of Q3 2024). GDEV aims to optimize its capital structure and improve operational efficiency with this distribution. The company emphasizes that this is a one-time dividend and does not indicate a recurring dividend program.
GDEV Founder and CEO Andrey Fadeev stated that the dividend demonstrates the company's commitment to shareholder value while maintaining a strong financial position. GDEV will remain debt-free after the distribution.
GDEV is a gaming and entertainment holding company with subsidiaries including Nexters and Cubic Games. Its franchises have accumulated over 550 million installs and $2.5 billion in bookings worldwide.