At the current share price, dividend yield is 12.5%.

Shareholder ENVESTOR D.O.O. sent another counterproposal regarding the profit distribution. To be specific, the proposes a dividend distribution of EUR 3.2 per share.

ENVESTOR D.O.O. states that in the convocation, the proposer corrects the already published opposing proposal of VZMD and MDS (EUR 3 and 2.776 per share, respectively). This so-called “correction” follows the modified dividend payout policy, while at the same time taking into account the restrictions on dividend payouts in 2023 and for 2023 imposed by ZPGOPEK due to receiving state aid. The presented proposal is thus the sum of the distribution of 50% of the net profit for 2022 according to the dividend payout policy of the MB and SB (that is EUR 2.77 per share) and the remaining balance sheet profit added (EUR 0.43 per share). The addition can thus be understood as an advance payment of the dividend, due to the legal limit on the payment of profit according to ZPGOPEK for the year 2023. Simply put: since this year’s profit will not be allowed to be paid out in the next year upon receipt of subsidies, it has already been proposed to pay out the entire balance sheet profit.

Dividend per Share (EUR) and Dividend Yield (%) (2012 – 2023)

Source: LJSE, InterCapital Research