PMCR holds AGM today, starting at 10:00 CET. Agenda includes among other issues approval of dividends. No management proposal is known yet.
Based on historical evidence, when company paid out 100% of unconsolidated net income, we expect company to pay dividend CZK
600/share, implying dividend yield of some 6%. Note however that company still has CZK
1.0bn of retained earnings (some CZK
380/share) which could be used for possible distribution. We remind that stock already trades ex-dividend from 13 April.