At the share price before the announcement, this would amount to a DY of 3.45%, for both the regular and preferred shares. The ex-date is yet to be announced.

Yesterday, the Supervisory Board meeting of Končar D&ST, a subsidiary of Končar was held. Together with the Management Board, the Supervisory Board made the proposal for the distribution of the financial year 2022 profit. Out of the net profit of EUR 22.3m (HRK 167.9m), EUR 2.23m will be transferred into the statutory reserves, EUR 13m will be transferred into the retained earnings, while the remaining amount, EUR 7.03m will be paid out in the form of dividends. This would amount to a payout ratio of 31.5%, and imply a DY of 3.45%, for both the regular and preferred shares.

Končar D&ST further notes that this represents an increase of 50% over the last year’s dividend (EUR 9.19 DPS, HRK 69.2). Neither the ex-date nor the payment date was announced. Below we provide you with the historical dividends per share and dividend yields of the Company.

Končar D&ST dividends per share (EUR) and dividend yield (2015 – 2023, %)

Source: Končar D&ST, InterCapital Research