The group will distribute at least 30% of its previous year’s profit under the condition that it has sufficient cash to fund its core activities and make new strategic investments. In those years when the economy slows down or when cash flows are poor due to other reasons, the group may reduce the dividend payout ratio or decide not to pay dividends.
The capital structure of Ekspress Grupp needs to be strong and sustainable to maintain its desired operational freedom and make use of growth opportunities throughout various economic cycles. The group’s task is to maintain a conservative capital structure so as to provide flexibility to the company in order to comply with the requirements set for raising debt when making new investments.
In order to support its growth, Ekspress Grupp has set an objective to ensure an optimal level of investments, loan repayments and profit allocation from the point of view of the group and its investors.
Payment of dividends is decided annually and it depends on the Group’s results of operations, fulfilment of conditions laid down in the loan contract and potential investment needs.
|Date of the General Meeting||13.06.2017||06.06.2018||04.11.2021||02.05.2022||04.05.2023|
|Period for which dividends are paid||2016||2017||2020||2021||2022|
|Dividend payment per share (EUR)||6 cents||7 cents||10 cents||8 cents||5 cents|
|Total payment of dividends (EUR thousand)||1 787||2 085||3 028||2 425||1 488|
|Dividend pay-out ratio (%) - calculated on the net profit from continuing operations||131%||212%||119%||59%||37%|
|Dividend pay-out ratio (%)||41%||66%||121%||108%||37%|
|Date of fixing the list of dividend recipients||29.06.2017||20.06.2018||19.11.2021||16.05.2022||18.05.2023|
|Date of dividend payment||06.07.2017||03.07.2018||23.11.2021||20.05.2022||24.05.2023|