At the share price before the proposed dividend, this would amount to a DY of 0.7%. The ex-date is set for 21 June 2024.

Span published the resolutions of its GSM held yesterday, 17 June 2023. Among the decisions, the most interesting one is the approval of the proposed dividend payment from the profits the Company made in 2023 and retained earnings. This would yield a dividend of EUR 0.3 per share, representing a dividend yield of 0.7%.

This also follows the Company’s dividend payment policy the Company published in 2022. According to it, from 20% to 50% of the consolidated profit will be paid in the form of dividends. Of course, the policy is also subject to several conditions, including the Company’s development plans, the situation in the capital market, net profit, and revenue levels/growth, etc. This year, payout ratio is close to the upper limit of 50% of overall consolidated profit.

Finally, the ex-date is set for 21 June 2024, while the payment date is set for 5 July 2024.

Span dividend per share (EUR) and dividend yield (%) (2022 – 2024)

Source: Span, InterCapital Research