At the current share price dividend yield is 4.3%, while ex-date is 5 May 2021.
The Management and the Supervisory Board of HT proposed to the General Assembly of the Company the distribution of the net profit from 2020. To be specific, net profit amounting to HRK 641.90m would be used for the pay-out of dividend to shareholders, while the remaining part of the net profit in the amount of HRK 61.9m would be allocated to retained earnings.
Such a dividend payment translated to HRK 8 per share, the same as paid in the previous year, while the pay-out ratio of Croatian Telecom Inc. stands at 91%.
At the current share price dividend yield is 4.3% Note that the ex-dividend date is 5 May 2021.
In the graphs below, we are bringing you a historical overview of the company’s dividend per share and dividend yield.
Dividend per Share (HRK) and Dividend Yield (%) (2008 – 2021)*
*compared to the share price a day before the dividend proposal
The Supervisory Board also adopted the decision proposing to the General Assembly the Amendments to the Remuneration policy for members of the Management Board. To be specific, the proposal regards Company`s Share Award Plan which should also be rolled-out for members of the Board as a voluntary compensation tool on the basis of which the Board will be offered the option of allotment of HT shares instead of a pay-out of certain percentage of short-term incentive achieved for the previous year. Maximum number of shares that can be awarded to managers is 45,000 shares, pursuant to currently valid SBB Programme.
The Supervisory Board granted its consent to the Management Board for amendments to the bonus scheme to managers and roll-out of Company`s Share Award Plan (PDD) for the managers below the Management Board. PDD is a voluntary compensation tool on the basis of which the manager will be offered the option of allotment of Croatian Telecom shares instead of a pay-out of certain percentage of variable compensation achieved for the previous year. Plan participants achieve entitlement to bonus shares in the ratio of 1 bonus share for each 7 acquired shares, whereby all shares must be retained for an uninterrupted period of 1 year from their allotment.