PBZ Proposes No Dividend Payment

The proposal is in line with the temporary restriction of CNB from 14 January 2021.

PBZ published the Convocation to the GSM which will be held on 26 April 2021. The Management and the Supervisory Board of the company proposed for the distributable profit of HRK 816.99m to be distributed to other reserves, implying no dividend payment.

Other reserves have no special purpose and will be able to be used, among other things, for potential future payments dividends after the expiration of the period of temporary restriction of distribution determined by the Decision of the Croatian National Bank on the temporary restriction of distributions from 14 January 2021. These other reserves are not an integral part of the regular share capital (CET 1).

In the graph below, we are bringing you historical overview of the company’s dividends.

Dividend per Share (HRK) & Dividend Yield (%) (2013 – 2020)

Category : Flash News

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