At the share price before the proposed dividend, this would amount to a DY of 2.1%. The ex-date is set for 19 June 2023.
Span published the resolutions of its GSM held yesterday, 14 June 2023. Among the decisions, the most interesting one is the approval of the proposed dividend payment from the profits the Company made in 2022. According to this decision, a total of EUR 2.6m will be paid out as dividends, representing a 42% payout ratio. This would yield a dividend of EUR 1.33 per share, representing a dividend yield of 2.1%.
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.
Finally, the ex-date is set for 19 June 2023, while the payment date is set for 3 July 2023.