At the share price before the announcement, this would amount to a DY of 4.3%. The ex-date is set for 12 May 2023.

At its Management and Supervisory Board meetings held yesterday, 22 March 2023, the proposal for the distribution of 2022 profit was made. Out of the net profit of EUR 92.2m, EUR 86.6m will be used for the dividend payment, and EUR 5.59m will be allocated to the retained earnings. This would imply a payout ratio of 93.9%, and on a per-share basis, a dividend of EUR 1.1 DPS. At the share price before the announcement, the DY amounted to 4.3%.

HT does note that the dividend payment represents a 3.6% increase YoY. The proposal is subject to approval by the General Assembly, which will convoke on 10 May 2023. The ex-date is set for 12 May 2023, while the payment date is set for 22 May 2023. Lastly, HT notes that its Management Board is expecting a minimum of EUR 0.80 per share for the year 2023. Of course, they are also monitoring the movements of parameters that could influence the dividend amount.

Below we provide you with the historical dividends per share and dividend yields of HT Group.

HT dividends per share (EUR)* and dividend yields (%) (2008 – 2022)

Source: HT, InterCapital Research

*Exchange rate used is the yearly average for a particular year from CNB