At the share price before the announcement, this would imply a DY of 2.2% for both the regular and preferred shares. The ex-date is set for 4 July 2024, while the payment date is set for within 15 days of the record date, which itself is set for 5 July 2024.

Yesterday, Končar D&ST held its GSM meeting, and afterward, the resolutions were announced. According to the resolutions, Končar D&ST approved the distribution of the 2023 profit in the form of dividends. Out of the EUR 50.7m in net profit, EUR 16.2m will be paid in the form of dividends, representing a payout ratio of 32%. On a per-share basis, this would imply a dividend of EUR 31.75 per share, both for regular and preferred shares. Furthermore, at the share price before the announcement, the dividend yield stands at 2.2% for both types of shares.

The ex-date is set for 4 July 2024, while the payment date has yet to be announced, but in the release, the Company said it would be at the latest 15 days after the record date, set for 5 July 2024.

Below we provide you with the historical dividends per share and dividend yield of the Company’s shares.

Končar D&ST dividend per share (EUR) and dividend yield (2015 – 2024, %)

Source: Končar D&ST, InterCapital Research