Cinkarna Celje Approves EUR 31.89 DPS and Share Split of 10-to-1

Cinkarna Celje held the GSM yesterday in which the shareholders approved a dividend payment of EUR 24.9m. This translates into EUR 31.89 per share and is by EUR 10.9 per share higher compared to the initially proposed dividend. Also, a 10-to-1 share split was approved.

We note that the dividend yield is 11.1%, while ex-date is 22 June 2021.

Company operated stably and above its plan while having a surplus of cash at the end of Q1 amounting to EUR 57.1m, 6% higher than at the end of 2021. The eventual payment of dividends that would be paid in accordance with this proposal does not endanger the company’s capital stability in any way due to the cash surplus.

In the graph below, we are bringing you a historical overview of the company’s dividend per share and dividend yield.

Dividend per Share (EUR) and Dividend Yield (%) (2012 – 2022)

InterCapital
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Category : Flash News

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