The Croatian Bureau of Statistics published their June Employment report. According to it, the registered unemployment rate in June stood at 9.1%.
As the Croatian Bureau of Statistics published their June Employment report, we are bringing you key takes from it. According to it, in June the total number of unemployed persons amounted to 150,651, representing an increase of 34.3% YoY, however on a MoM basis it represents a 4.6% decrease. The MoM decrease could be attributed to the annual cyclicality of Croatian economy that is reliant on summer tourist season due to which part of work force returns to unemployment every year when the seasons ends. However, the large increase in unemployment on a YoY basis is a clear sign that the effects of the COVID-19 pandemic will leave some deep scars on the Croatian economy.
Turning our attention to employment, in June 2020, the total number of persons in employment in the Republic of Croatia was 1.5m, out of which 0.7m were women. Compared to May 2020, the total number of persons in employment as well as the number of employed women increased by 0.4%. Compared to the same month of the previous year, the total number of persons in employment decreased by 4.6% in June 2020 and the number of employed women by 5.1%.
HT Approves HRK 8 DPS, DY 4.5%, ex-date July 27th
HT published a resolution from their AGM in which the shareholders approved to allocate a part of FY 2019’s net profit as dividend. Of the HRK 717.1m of 2019 profit, HRK 646.1m was approved to be paid as dividends. This translates to a dividend per share of HRK 8 and is 20% below last year’s dividend of HRK 10 per share.
At the current share price dividend yield is 4.5% Note that the ex-dividend date is 27 July 2020.
In the graphs below, we are bringing you a historical overview of the company’s dividend per share and dividend yield.
Dividend per Share (EUR) and Dividend Yield (%) (2008 – 2020)*
*compared to the share price a day before the dividend proposal