Telekom Slovenije received a counterproposal for dividend payment to coincide with the payout of the 2023 result, in opposition to the initial proposal from the company for dividends to be paid in two tranches. The counterproposal emphasizes the reduction of disproportional costs affecting primarily small shareholders that would occur in the scenario of two dividend tranches. Initially proposed total amount of EUR 6.2 per share does not change in the counterproposal.

Yesterday Telekom Slovenije received a counterproposal for dividend payment to coincide with the payout of the 2023 result. The counterproposal differs with the initial proposal from the company itself in the payment form. The initial proposal from Telekom Slovenije proposed for EUR 6.2 per share to be paid out in two tranches (March & August), while the counterproposal from the All-Slovenian Association of Small Shareholders (VZMD) proposes a single payment, which should coincide with the payout from 2023 result. The single payment is proposed with the goal of reducing disproportional unnecessary costs arising from double payments (for example brokerage costs), which should specifically burden smaller investors. Overall, VZMD proposes the dividends for 2022 to be paid out together with the dividends for the year 2023. The proposed amount of EUR 6.2 per share does not change in the counterproposal. To remind you, in the prior years, the dividend payment date for Telekom Slovenije on “regular” dividend proposals occur in August. In other words, if this counterproposal is approved, the investor can expect the dividend to be paid out this year during August.

Telekom Slovenije Dividend per Share (EUR) and Dividend Yield (%) (2010 – 2024)

Source: LJSE, InterCapital Research