Petrol Proposes EUR 1.8 DPS

At the share price before the announcement, this would imply a DY of 6.8%. Neither the ex-date nor the payment date has yet been announced.

Yesterday, Petrol’s Supervisory Board meeting was held, which together with the Management Board proposed the distribution of profit. According to the proposal, a gross dividend of EUR 1.8 DPS has been proposed, which at the share price would imply a DY of 6.8%. In the absolute amount, this would imply a dividend amount of EUR 75m, with a payout ratio of 55% of the 2023’s consolidated net profit.

The ex-date and the payment date have yet to be announced. The dividend proposal is subject to approval by the GSM, which will be held on 23 May 2024. Below we provide you with the historical dividends per share and dividend yields of Petrol Group.

Petrol Group dividends per share (EUR) and dividend yields (%) (2013 – 2024)

Source: Petrol Group, InterCapital Research

Category : Flash News

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