Profil:
Pepco Group NVPepco Group retailer recommends EUR 0.062 dividend per share
Listed retailer Pepco Group's management board has recommended a dividend of EUR 0.062 per share for the 2024 financial year, the company announced.
"Given the current strength of the balance sheet (the pre-IFRS 16 leverage ratio for the 2024 financial year is 0.5x) and the company's growing cash generation capacity, the board has decided to declare an inaugural annual dividend for the 2024 financial year. The board's intention is to pay a dividend initially at 20 percent of the full-year underlying net profit. The board expects the absolute amount of the dividend to remain stable or increase throughout the year, subject to any material internal or external factors," Pepco Group announced.
"Accordingly, the board has recommended a full year dividend of 6.2 eurocents per share, subject to shareholder approval at the annual general meeting to be held on March 12, 2025. Further details, including payment dates, will be provided in due course," it added.
pel/ ao/