At the share price before it was announced, this would amount to a DY of 1.5%. Ex-date is set for 27 June 2023.

Končar published the resolutions of its GSM held yesterday. Among the resolutions, the one that’s most interesting is the approval of the dividend payment. According to the announcement, out of the 2022 net profit of EUR 15m, EUR 5.1m would be paid out as dividends, representing a pay-out ratio of 34%.

This would mean that a total of EUR 2 per share would be paid as dividends, representing a DY of 1.5%. The ex-date for the dividend is set for 27 June 2023, while the payment date is set for 13 July 2023.

Below we provide you with the historical dividend per share and dividend yields of the Končar Group.

Končar dividend per share (EUR*) and dividend yields (%) (2015 – 2023)

Source: Končar, InterCapital Research

*dividends paid out in HRK were converted to euros using CNB’s exchange rate for the period when the dividends were paid out