As a reminder, Končar’s shareholders approved the dividend payment of HRK 13 per share at its GSM meeting held on 10 June 2022, with a DY of 1.4%.

On Friday, Končar’s shares went ex-date, referring to the previously approved dividend of HRK 13 per share, with a DY of 1.4% (at the price before the dividend’s proposal). During the day, the share price increased by 1.2%, and the Company’s stock ended the day at HRK 880. It should be noted that this is contrary to what usually happens on an ex-date, as without the dividend payment incentivizing investors to invest in a stock, the stock price usually decreases, by approximately the dividend yield. However, on the same day, Končar also announced a new agreement with the Iraqi Ministry of Electricity worth EUR 65m, which also influenced the price movement. To read more about this news, click here.

The payment date for the dividend is set for 10 July 2022. Below we provide you with a historical overview of Končar’s dividends per share and dividend yields.

Dividend per share (HRK) and dividend yields (%) (2015 – 2022)