Equinox Proposes EUR 1.69 DPS

At the share price before the announcement, this would imply a DY of 3.1%. The ex-date and the payment date are yet to be announced.

On Friday, Equinox’s Board of Directors meeting was held, during which a proposal for the distribution of 2023 retained earnings was made. According to the proposal, EUR 3m will be distributed in the form of dividends, while EUR 10.3m will be carried forward. This would imply a payout ratio of 22.5%. On a per-share basis, this would imply a gross dividend of EUR 1.69. At the share price before the announcement, the dividend yield would amount to 3.1%.

This dividend represents an increase of 18.6% compared to the dividend distributed last year. Neither the ex-date nor the payment date has yet been announced. The dividend proposal is subject to approval by the GSM, which will be held on 12 June 2024. Below we provide you with the historical dividend per share and dividend yield of the Company.

Equinox dividend per share (EUR) and dividend yield (%) (2023 – 2024)

Source: Equinox, InterCapital Research

Category : Flash News

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