At the same time, we expect the management to publish the amount of the dividend that it will propose to the general meeting. With a payout ratio of 80%, our projections would indicate a dividend of CZK 8.2 (8.6% gross div. yield), however, management has previously stated that it considers this payout ratio to be minimal, so there is a real chance that the dividend will be higher .
In the long term, we consider Moneta shares to be undervalued, and the eventual fulfillment of our projections, combined with a high dividend and a solid medium-term outlook, could push the bank’s shares higher.
J&T BANKA, private and investment bank of successful people
Since 1998, it has been offering services and advice that not only solve the current needs of clients, but also take into account wider family relationships and a longer time horizon. They protect property not only against economic influences, but also against legislative changes and the course of life. They include multigenerational asset management and succession, investment consulting, securities trading, asset management and structuring, or life-style management services. In addition to comprehensive family office and private banking services, it provides specialized financing in the field of real estate and corporate acquisitions.
In addition to the Czech J&T Bank, the bank holding J&T Finance Group SE includes its Slovak branch, J&T Banka dd in Croatia and the Slovak banking group 365 (formerly Poštová banka).
More information at: www.jtbank.cz