On the 6th June Končar held its General Assembly where shareholders approved HRK 15 DPS which at the current share price translates into dividend yield of 2.2%. We have also looked at Končar’s share price performance and it has YTD increased by 30%.
General Assembly also proposed the ex-dividend date to be June 20th 2019. Until then all investors that are looking to receive dividend should buy share and the record date to be registered as shareholder’s is 21 June 2019. All members of the Management Board and the Supervisory Board were given a dismissal for the work done in 2018, and auditor for 2019 will be Pricewatehouse Coopers. In the graph below, we are bringing you a historic overview of the company’s dividend per share. Company’s average dividend yield has in the last five years amounted to 1.9%.
Dividend per share 2015-2019 (HRK)
In May Končar share’s total turnover has amounted to HRK 19.7m, while the market capitalisation of the company amounts to HRK 1.8bn. Končar was the 4th most traded share on ZSE in May, while its average turover per day has amounted to HRK 0.9m. In May company’s share price has increased 5.3%, while YTD capital gain amounts to 30%. In 2019 Erste pension funds managment company has showed interest in the share and it has increased its exposure to Končar. On 28th February 2019 Končar showed good set of financial results for 2018 as its EBITDA margin increased for 70bp to 7.3%. Its operating revenues in a year have decreased slightly (-3.3%YoY) while in 2019 the company continued to dispose companies that entail its minor businesses like Končar household appliances and Končar-LE that was sold to Italian company Lovato Electric S.P.A. Company’s good results and interest from institutional investors could have influenced share price increase.
YTD share price performance
