Yesterday, Končar went ex-date, after which the price declined by 0.8%, as compared to the 1% DY. The payment date is set for 12 July 2024.

Yesterday, Končar went ex-date. This refers to the dividend of EUR 2.5 per share that has been approved for payment this year, with a DY of 1% at the share price before the announcement. After the market’s close, the share price declined by 0.8%, lower than the 1% DY.

The payment date is set for 12 July 2024. Below we provide you with the historical dividends per share and dividend yields of the Company.

Končar Group dividend per share (EUR) and dividend yield (%) (2015 – 2024)

Source: Končar Group, InterCapital Research

Yesterday, Cinkarna Celje went ex-date, and as a result, the Company’s shares declined by 0.9%, compared to the DY of 4.2%.

The ex-date refers to the second Cinkarna Celje’s dividend payment this year, in the amount of EUR 0.9 DPS, and a DY of 4.2%. The payment date is due on 28 June 2024.

As a reminder, the ex-date is the last date that investors are eligible for the dividend payment, after which everyone who becomes a shareholder of the Company’s shares won’t be eligible for the dividend payment. As such, it is usually expected that on the ex-date the Company’s share price declines in the amount of the dividend yield.

As a reminder, due to the restrictions on the payment of dividends to shareholders from the 2022 net profit, the same restrictions related to government subsidy received in that year, Cinkarna Celje also paid out the dividend from that year’s profit this year, in the amount of EUR 3.2 DPS. Before the announcement, the DY of this payment amounted to 15.3%. In other words, this dividend of EUR 0.9 DPS represents the 2nd, additional, dividend payment during this year as a result of aforementioned developments. As such, the total amount paid to shareholders in 2024 amounts to EUR 4.1 per share, implying an overall dividend yield of 19.4%.

Below we provide you with the historical dividends per share as well as the dividend yields of the Company. If you want to read more about dividend approval and previous counterproposal, click here.

Dividend per Share (EUR) and Dividend Yield (%) (2012 – 2024)

Source: LJSE, InterCapital Research

*2024 includes both the approved dividends

At the current share price, dividend yield is 2.2%. The ex-date is set for 3 July 2024.  

Digi Communications published the resolutions from the GSM in which the shareholders approved a dividend payment. To be specific, a payment of RON 1.25 per share was approved, which translates into a dividend yield of 2.2%. This also represents an increase of 25% YoY in terms of DPS.

Digi dividend per share (RON) and dividend yield (%) (2018 – 2024)

Source: Digi, InterCapital Research

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