Today is the last trading day in the SPAD system with rights to receive a dividend (in the AOS system, the last cum-dividend trading date is March 28). The company’s AGM is coming soon (April 9), and the actual dividend and its timing will be announced then. Based on the announced net income figure, our assumption of a 95% dividend pay-out ratio implies a CZK 1,114 per-share gross dividend, i.e. a 17.5% gross yield at Friday’s close of 6,351 CZK.
(Ondřej Daťka)