We would like to remind investors that Philip Morris CR’s AGM is quickly approaching (April 9), at which an expected dividend payment and its timing will be announced. The last day with rights to receive the dividend is April 2, 2001 (i.e., the ex-dividend date is April 3). Given PSE trading and settlement rules of T+5 in SPAD trading and T+3 in AOS, the last trading day with dividend rights is March 26 for SPAD trading and March 28 for AOS. Based on the actual net income figure, our assumption of a 95% dividend payout ratio implies a CZK 1,114 per-share gross dividend, i.e., a 17% gross yield at yesterday’s close of 6,551 CZK.
(Ondřej Daťka)