Today, HT published its dividend proposal for 2024, in the amount of EUR 1.53 DPS. 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, HT’s Supervisory Board and Management Board meetings were held, and today a proposal for the distribution of the 2023 net profit was made. According to the proposal, 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 amounted 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. The approval of the dividend is subject to the vote at the GSM, which will be held on 8 May 2024. Lastly, for 2024, HT’s Management expects a dividend payment of at least EUR 0.8 DPS, but this will depend on several different parameters, which might have an influence on the dividend amount.

Below we provide you with a historical overview of the Company’s dividends per share (EUR) and dividend yields (%)

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

Source: Hrvatski Telekom, Intercapital Research