Zavod VZMD proposed a dividend payment of EUR 4 per share, compared to initially no dividend payment proposed by the Management Board. Dividend yield is 9.1%.

Telekom Slovenije 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. 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 9.1%, while the proposed ex-date is 17 June 2020.

Both proposals are subject to approval at the GSM which will be held on 5 June 2020. Given the current situation regarding the Covid-19 pandemic and the implications and uncertainties which come with the situation, it is highly unlikely that the counterproposal ends up being approved on the GSM.

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)