HPB Proposes EUR 2.61 DPS

At the share price before the announcement, this would imply a DY of 1.4%. The ex-date is 27 December 2023.

On Friday, HPB held its SB and MB meeting, and during it, the Bank proposed the distribution of profit in the amount of EUR 5.28m. On a per-share basis, this would imply a dividend of EUR 2.61. At the share price before the announcement, the DY would amount to 1.4%.

The ex-date is set for 27 December 2023, while the payment date is set for 24 June 2024. It should be noted that recently (2 November 2023), the Croatian Government announced that all state-owned enterprises (either majority-owned or minority-owned but an enterprise of special interest) will have to pay into the State budget a certain proportion of their 2022 net income, depending on the company in question.

For HPB, it was determined that the Bank will have to pay 30% of its 2022 net income, which amounted to EUR 17.6m. As such, the dividend payment is directly tied to this decision.

Category : Flash News

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