Yesterday, Cinkarna Celje went ex-date, and as a result, the Company’s shares declined by 12.9%.

The ex-date refers to the Cinkarna Celje’s dividend payment this year, in the amount of EUR 3.2 DPS, and a DY of 15.3%. The payment date is due on 23 February 2024.

As a reminder, the ex-date is the last date that investors are eligible for the dividend payment, after which everyone who becomes a shareholder of the Company’s shares won’t be eligible for the dividend payment. As such, it is usually expected that on the ex-date the Company’s share price declines in the amount of the dividend yield.

This came to pass this time as well, with Cinkarna Celje’s share price declining “only” by 12.9%, which is below the 15.3% DY meaning that effectively Cinkarna’s share price appreciated in real terms yesterday.

Below we provide you with the historical dividends per share as well as the dividend yields of the Company. If you want to read more about dividend approval and previous counterproposal, click here.

Dividend per Share (EUR) and Dividend Yield (%) (2012 – 2024)

Source: LJSE, InterCapital Research