PMCR’s dividend record day is 24 April but due to suspended settlement between 18 and 24 April the stock trades ex-dividend today.
Although there is no management proposal for dividends yet, based on historical evidence when company paid out 100% of unconsolidated net income, we expect company to pay dividend CZK
600/share, implying a dividend yield of 6.1%. Note however that company still has CZK
1.0bn of retained earnings (some CZK
380/share) which could be used for possible distribution. Dividends will be approved at PM
CR’s AGM held on 24 April.