Petrol Approves EUR 30 DPS, DY 5.98%, ex-date August 3th. Also, Petrol approved a 20-for-1 share split.

Petrol published a resolution from their General Meeting in which the shareholders approved EUR 124.5m to be allocated as dividends. This translates to a dividend per share of EUR 30 and is 36.4% higher than last year’s dividend of EUR 22 per share.

The amount for the dividend is set by taking into account the necessary investments, free cash flow, the Company’s debt level, development plans, retained earnings from previous years, appropriate net debt to EBITDA ratio, and the liquidity situation.

Compared to the share price on the day before the dividend proposal of EUR 502 per share the dividend yield is 5.98% Note that the ex-dividend date is set for 3 August 2022, while the dividend payment date is set for 5 August 2022.

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

As a reminder, the dividend policy target for the 2021-2025 strategic period is 50% of the Group’s net profit, taking into account the investment cycle, Group indicators, and achieved objectives. This is all part of the long-term financial stability of the Company, which combined with the stable dividend policy, is aimed at ensuring a balanced dividend yield for shareholders while at the same time, using the free cash flows to finance the Company’s investment plans.

Also, the proposal to split Petrol’s shares 20-for-1 was approved. By distributing shares the company wants to increase its liquidity and attract new investors. Proceedings will begin on August 19 and will be carried out automatically for the owner. A share split will also not bring any cost or tax consequences.

Dividend Per Share (EUR) & Dividend Yield (%) (2013 – 2022)

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