HT will hold their GSM on 20 July 2020. The proposed ex date is 27 July 2020.

HT published an announcement on the Zagreb Stock Exchange announcing the updated convocation to the GSM, which will be held on 20 July 2020. As a reminder, the company will decide on the proposed the distribution of net profit from 2019.

In the proposal HRK 646.13m would be used to pay out dividend to the shareholders, which translates into a dividend of HRK 8 per share. Such a dividend is HRK 2 per share lower compared to the dividend paid out in 2019 and represents a payout ratio of 90.2%.

Note that the new ex-date is 27 July 2020, while the payment date is 10 August 2020. Comapred to the share price a day before the announcement (dividend proposal), dividend yield is 4.9%.

The Management Board still currently expects the payment of the dividend of a minimum amount of HRK 6 per share in 2021, (for the year 2020), which was also stated for the year 2019.

In the graph below, we are bringing you historical overview of the company’s dividends.

Dividend per Share (HRK) & Dividend Yield (%) (2008 – 2020)

*compared to the share price a day before the dividend proposal