At the share price before the announcement, this would imply a DY of 1%. The ex-date is set for 26 June 2024, while the payment date is set for 12 July 2024.

Yesterday, Končar held its GSM, after which the resolutions were published. According to the resolutions, a EUR 2.5 dividend per share has been approved by the GSM. At the share price before the announcement, this would imply a DY of 1%. As a reminder, in absolute amount, this implies a dividend of EUR 6.36m, implying a payout ratio of 46% of the 2023’s net profit.

The ex-date is set for 26 June 2024, while the payment date is set for 12 July 2024.

Končar Group dividends per share (EUR) and dividend yields (%) (2015 – 2024)

Source: Končar, InterCapital Research