Petrol Proposes EUR 22 DPS

At the current share price, the dividend yield is 6.1%. The ex-dividend date is 4th August 2021. 

Petrol published an announcement on the Ljubljana Stock Exchange proposing the distribution of net profit from 2020. The company proposed to distribute EUR 45.22m to shareholders which translates into EUR 22 dividend per share, the same as the previous year.

The proposal was set by taking into account necessary investments, free cash flow, the Company’s debt levels, development plans, retained earnings from previous years, appropriate net financial debt to EBITDA ratio and the liquidity situation.

At the current share price, the dividend yield is 6.1%. Note that the ex-dividend date is 4th August 2021. Dividend is subject to approval at the GSM, which will be held on 22nd April 2021.

As a reminder, the dividend policy target for the strategic period 2021 – 2025 is 50% of the Group’s net profit, taking into account the investment cycle, Group indicators and the achieved objectives.

In the graph below we are bringing you an overview of the Company’s historical dividends per share and dividend yields.

Dividend per Share (EUR) & Dividend Yield (%) (2013 – 2021)

Category : Flash News

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