April 14 (SeeNews) - Croatian power transformers manufacturer Koncar Distributivni i Specijalni Transformatori Koncar D&ST [ZSE:KODT, KODT2] said on Thursday it will propose to its shareholders to pay a dividend of 69.20 kuna ($9.9/9.2 euro) per share out of its net profit for last year, up from the dividend of 51.40 kuna per share it paid last year.
Ex-dividend date is June 7, record date is June 8 and payment date is June 23, it said in a filing to the Zagreb bourse.
The company's net profit totalled 88.4 million kuna for 2021 and out of it 53 million kuna will be allocated to reserves and 35.4 million kuna will be paid in dividend.
The company's shareholder will vote on the proposal on May 24.
In 2020, Koncar D&ST had a net profit of 92.1 million kuna.
Its preferred shares traded flat at 2,540 kuna on the Zagreb bourse intraday on Thursday, while its regulars shares last traded on April 12, ending unchanged at 2,560 kuna.
(1 euro=7.559 Croatian kuna)