At the share price before the announcement, this would imply a DY of 5.15%. The ex-date is set for 10 May 2024, while the payment date is set for 20 May 2024.

Yesterday, Hrvatski Telekom held its General Meeting of Shareholders, and afterward, the resolutions were published. According to the resolutions, the proposal for the distribution of profit has been approved. According to the proposal, out of the 2023 net profit, EUR 119.3m will be paid out, while the remaining amount of EUR 5.8m will be transferred into retained earnings. This would imply a payout ratio of 95.3%. On a per-share basis, this would mean that the dividend amounts to EUR 1.53, and at the share price before the announcement, this would imply a DY of 5.15%. This dividend represents an increase of 39% compared to last year.

The ex-date is set for 10 May 2024, while the payment date is set for 20 May 2024. Below we provide you with a historical overview of the Company’s dividend per share (EUR) and dividend yield (%)

HT Group dividends per share (EUR) and dividend yields (%) (2008 – 2024)

Source: Hrvatski Telekom, Intercapital Research