Cinkarna Celje Proposes No Additional Dividend Payment (Yet)

Yesterday, Cinkarna proposed no additional dividend to be paid out of the net profit of 2023. The company cannot pay out the dividends given the received government subsidy. However, Cinkarna will transfer this portion to other reserves to which restriction does not apply and it will be used for future allocation for dividend payments.

Yesterday, Cinkarna proposed no additional dividend payment to be paid out of the net profit of 2023. The dividend cannot be paid out due to the received government subsidiary (Act ZPGOPEK). However, Cinkarna noted it has acted proactively and that the company will transfer this portfolio to the other profit reserves in the balance sheet, which is not restricted by the mentioned act. This will be allocated for future dividend payments.

We emphasize that Cinkarna already paid out EUR 3.2 DPS and the share went ex-date on 21 February 2024. This would represent an additional dividend payment this year. To read more about the aforementioned dividend, click here.

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 – 2024)

Source: LJSE, InterCapital Research

Category : Flash News

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