At the share price before the announcement, this would amount to a DY of 2.2%, for both the regular and preferred shares. The ex-date is yet to be announced.

Končar D&ST published a document on the Zagreb Stock Exchange in which the Company proposed the distribution of profit for the year 2023. Of the net profit of EUR 50.7m, EUR 34.5m will be held as statutory reserves, while the remaining amount, EUR 16.2m will be paid out as dividends. This represents a payout ratio of 32%.

At the share price before the announcement, the dividend yield amounted to 2.2% for both the regular and preferred shares. The dividend is subject to approval at the GSM, and the ex-date is yet to be announced.

As a reminder, Končar D&ST is a member of Končar elektroindustrija Group (KOEI) and is consolidated in Group results. Končar has 67.9% shareholding in this company.

Končar D&ST further notes that this represents an increase of 131% over the last year’s dividend (EUR 13.74 DPS). In the graphs below, we are giving you an overview of the historic movement of the Company’s dividend per share and dividend yield.

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

Source: Končar D&ST, InterCapital Research