At the share price before the announcement, this would imply a DY of 2.1%. The ex-date is set for 4 July 2024, while the payment date is set for 12 July 2024.

Atlantic Grupa held its Supervisory and Management Board meetings yesterday, during which the proposal for the distribution of profit was made. According to the proposal, EUR 1.2 DPS will be paid out in the form of a dividend, from 2021’s retained earnings. This represents an increase of 20% from the previous year’s dividend.

At the share price before the announcement, this would imply a DY of 2.1%. The ex-date is set for 4 July 2024, while the payment date is set for 12 July 2024. The dividend proposal is subject to the approval of the GSM, which will be held on 27 June 2024.

Below we provide the historical dividends and dividend yields of the Company.

Atlantic Grupa dividends per share (EUR) and dividend yields (%) (2013 – 2024)

Source: Atlantic Grupa, InterCapital Research