At the share price before the announcement, this would imply a DY of 1%. Neither the ex-date nor the payment dates have yet been announced.

Yesterday, the SB and MB meetings of Končar were held, and the proposal for the distribution of profit was made. According to the report, a proposal of EUR 2.5 DPS was made, implying a DY of 1% at the share price before the announcement. In the absolute amount, this amounts to EUR 6.36m to be paid in the form of dividends, implying a payout ratio of 46% of 2023’s net profit. 5% of the net profit will be transferred to statutory reserves, while EUR 6.9m will be transferred into retained earnings.

Neither the ex-date nor the payment date has yet been announced. Below we provide you with the historical dividends per share and dividend yields of the Končar Group.

Končar Group dividends per share (EUR) and dividend yields (%) (2015 – 2024)

Source: Končar, InterCapital Research