Since the beginning of April 2020, CROBEX10 has experienced a considerable increase of 12.6%.

Like most markets, after going through a very poor share price performance of most companies since the end of February 2020, most of the companies on the Croatian capital market have observed a partial rebound in April as well as May.

YTD Daily Change of CROBEX10 (%)

Since the beginning of April, of the CROBEX10 constituents, 9 have recorded a double-digit increase with AD Plastik leading the list with an increase of 30.09%. Next to come is Optima Telekom with +23.04% and Atlantska Plovidba with +23.15%, respectively. Valamar Riviera follows with +18.67%.

On the flip side, when we are observing the YTD performance, CROBEX10 stands at 1,033.06 points, representing still a 14% decrease. Note that all constituents have so far observed a YTD decrease, while half of them still recorded a decrease of above 20%.

On a YTD basis Atlantic Grupa and HT have witnessed best performance, however, they still experienced a slight decrease of 2.31% and 2.57%, respectively. Such results do not come as a surprise given that certain food and telecommunications sector are deemed to be the least affected by the ongoing Covid-19 situation. On the other hand, Atlantska Plovidba and Valamar Riviera have recorded the highest decreases of 47.47% and 26.67%, respectively.

HT will hold their GSM on 20 July 2020. The proposed ex date is 27 July 2020.

HT published an announcement on the Zagreb Stock Exchange announcing the updated convocation to the GSM, which will be held on 20 July 2020. As a reminder, the company will decide on the proposed the distribution of net profit from 2019.

In the proposal HRK 646.13m would be used to pay out dividend to the shareholders, which translates into a dividend of HRK 8 per share. Such a dividend is HRK 2 per share lower compared to the dividend paid out in 2019 and represents a payout ratio of 90.2%.

Note that the new ex-date is 27 July 2020, while the payment date is 10 August 2020. Comapred to the share price a day before the announcement (dividend proposal), dividend yield is 4.9%.

The Management Board still currently expects the payment of the dividend of a minimum amount of HRK 6 per share in 2021, (for the year 2020), which was also stated for the year 2019.

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

Dividend per Share (HRK) & Dividend Yield (%) (2008 – 2020)

*compared to the share price a day before the dividend proposal

At the current share price, dividend yield is 5%, while the ex-date is 23 September 2020.

Luka Koper published the convocation to the General Meeting of Shareholders in which the Management Board proposed a dividend of EUR 12.88m to be paid to their shareholders. The proposed dividend would be paid out from the accumulated profit from 2019 (EUR 30m) and would translate to a dividend of EUR 0.92 per share. Such a dividend payment would represent a decrease of EUR 0.41 per share or 31% from the previous year.

At the current share price, the dividend yield is 5%, while the proposed ex-dividend date is 23 September 2020. The dividend should be paid out on 25 September 2020.

In the graphs below, we are bringing you the historical overview of the company’s dividend per share and dividend yield.

Luka Koper Dividend per Share (EUR) & Dividend Yield (%) (2013 – 2020)