The shareholder who owns the bank’s shares on May 6, 2024 will be entitled to the dividend. The payment date was set for May 27, 2024.
Last year, Komerční banka’s net profit fell by 11.4 percent year-on-year to 15.6 billion crowns. For 2022, the dividend was 60.42 crowns per share, totaling 11.5 billion crowns. Of the net profit for the previous year, the proposed dividend was 65 percent, while this year it was 100 percent.
This is KB’s highest regular dividend since the 2016 stock split, XTB analyst Tomáš Cverna said. According to him, the approval of such a high dividend is not a surprise, because the management already announced such a proposal when the results for last year were published and a counter-proposal was not taken into account.
“The same payout ratio as for last year is indicated by the management from the net profit for this year as well. A proper dividend next year could amount to CZK 81 per share,” he estimated.
Last year, Komerční banka’s net profit fell by 11.4 percent year-on-year to 15.6 billion crowns. Total revenues decreased by 6.3 percent to 36.2 billion crowns and operating costs rose by 8.2 percent to 17.3 billion crowns. The bank’s shares are traded on the Prague Stock Exchange.
Banks that have to pay windfall tax saw their profits fall by 1.3 billion
Economy
