SDH proposed a dividend payment of EUR 3.5 per share, compared to initially no dividend payment proposed by the Management Board. Dividend yield is 7.1%.

Telekom Slovenije received a counterproposal by their shareholder SDH (Slovenski državni holding) regarding the dividend payment in 2020. SDH proposed a dividend payment of EUR 22.7m which translates into a dividend of EUR 3.5 per share. As a reminder, the Management Board initially proposed no dividend payment (EUR 30.16m to remain undistributed).

The newly proposed dividend translates into a yield of 7.1%, while the proposed ex-date is 17 June 2020.

The proposal is subject to approval at the GSM which will be held on 5 June 2020 (today). SDH currently holds a 4.3% stake in Telekom Slovenije, while the Slovenian State has a 62.5% stake. Therefore, it seems quite likely that the dividend counterproposal could be approved at the GSM.

As a reminder, in May, they received a counterproposal by the shareholder Zavod VZMD (Pan-Slovenian Shareholders’ Association) regarding the dividend payment in 2020. Zavod VZMD proposed a dividend payment of EUR 26.02m which translates into a dividend of EUR 4 per share. 

In the graph below, we are bringing you historical overview of the company’s dividends.

Telekom Slovenije Dividend per Share (EUR) & Dividend Yield (%) (2010 – 2019)