Today is the ex-dividend date for Digi Communications. On this date, the share price typically decreases by the DY amount, which is 2.2% in this case. Therefore, we should expect to see a corresponding decrease in the share price. The dividend payment date is set for 22 July 2024.

The approved dividend is RON 1.25 per share. Based on today’s market closing price, we should see the stock to drop by about 2.2%. This decline will help us assess whether the stock’s intrinsic value has appreciated or depreciated. The dividend payment date is set for 22 July 2024.

In the graph below, we are bringing you a historical overview of the company’s dividend per share and dividend yield. Note that the yields were calculated based on the closing price the day before the initial dividend proposal.

To put things in perspective, since the beginning of the year, Digi’s share price has increased by as much as 50%. Today’s expected 2.2% decrease is due to the ex-dividend date, as the dividend payment incentive for investors to invest in the stock vanishes.

Digi dividend per share (RON) and dividend yield (%) (2018 – 2024)

Source: Digi, InterCapital Research