The company proposed the distributable profit to be allocated to retained profit.

Končar published the convocation to the General Assembly in which the Management and Supervisory Board proposed the distribution of net profit for the year 2019. To be specific, the company proposed the distributable profit to be allocated to retained profit. This of course indicates no dividend payment in 2020. As a reminder, the company paid out a dividend of HRK 15 per share in 2019, which translated to a dividend yield of 2.2%.

The proposed profit distribution is subject to approval at the GSM which will be held on 9 July 2020.

In the graphs below, we are bringing you a historic overview of the company’s dividend per share and dividend yield.

Dividend per Share (HRK) and Dividend Yield (%) (2015 – 2019)