At the share price before the proposed dividend, this would amount to a DY of 2.27%. The ex-date is set for 15 June 2022.

Span has published the resolutions of its GSM held yesterday, 13 June 2022. Among the decisions, the most interesting one is the approval of the proposed dividend payment from the profits the Company made in 2021. According to this decision, a total of HRK 9.55m will be paid out as dividends, representing a 40% payout ratio. This would yield a dividend of HRK 5 per share, representing a dividend yield of 2.27%.

This also follows the dividend payment policy the Company published in February 2022. According to it, 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 15 June 2022, while the payment date is set for 1 July 2022.