Petrol approves EUR 1.8 DPS, DY 6.8%, while the ex-date is set for 31 July 2024. Management Board reported on the decrease of margins on petrol sale in Slovenia in the last year, while taxes and duties have increased significantly.

Yesterday, Petrol published a resolution from their AGM in which the initial proposal from the company was approved. In the absolute amount, this would imply a dividend amount of EUR 75m to be allocated for dividend payments, with a payout ratio of 55% of 2023’s consolidated net profit. This translates to a dividend per share of EUR 1.8 and represents a higher amount of DPS compared to the last year (EUR 1.5 DPS).

Management Board also reported on the decrease of margins on petrol sale in Slovenia in the last year, while taxes and duties have increased significantly. Slovenia has by far the smallest margin in Europe. We remind you that the government recently submitted a new regulation for public consideration, which does not change the margins, but only extends the period for changing the prices of derivatives from 14 days to one month .The Management Board said that the proposed new regulation may also lead to disruptions in the supply of derivatives. Board explained that due to the longer settlement period for fuel prices, the government is introducing new risks for business when purchasing fuels. As, a remined at the beginning of December, the government also lowered the regulated margin for gasoline and diesel by 30 and 31%, respectively.

At the share price before the announcement, the dividend yield amounted to 6.8% Note that the ex-dividend date is 31 July 2024, while the payment date is August 2th, 2024.

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

Dividend per Share (EUR) & Dividend Yield (%) (2013 – 2024)

*compared to the share price a day before the dividend approval