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 set for 29 May 2023.

Yesterday, on the General Assembly of Končar D&ST the dividend proposal for 2023 was approved. Out of the net profit of EUR 22.3m (HRK 168m), EUR 2.23m will be transferred into the statutory reserves, EUR 13will 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). The ex-date is set for 29 May 2023. Below we provide you with the historical dividends per share and dividend yields of the Company.

It should be noted that Končar D&ST is a member of Končar elektroindustrija Group (KOEI), and is consolidated in the Group’s results. Končar currently holds 67.9% of the shares in the Končar D&ST.

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

Source: Končar D&ST, InterCapital Research