At the current share price, dividend yield is 21%.
On the 28th of May 2021 the Pan-Slovenian Shareholders’ Association (VZMD), a shareholder of Intereuropa, submitted a counterproposal to the proposed resolution that stated that the distributable profit of Intereuropa, in the amount of EUR 9.9m shall remail undistributed.
The new proposal suggests that EUR 6.6m from the available distributable profit should be used to pay a dividend in the amount of EUR 0.24 to all shareholders. Ex-dividend date 16th of August 2021.
To back up their counterproposal they refer to an article which states that a resolution of the General Meeting of Shareholders is open to challenge if profit in the amount of at least 4% of share capital is not distributed to shareholders.
The EUR 0.24 dividend would present a dividend yield of 21%. We also note that Intereuropa did not have dividend payouts in the past years.
