CTT proposes a dividend of 12.5 cents per share
The proposed shareholder bonus for 2022 is higher than the 2021 bonus, which was 12 cents.
CTT will propose to the General Assembly to pay a total dividend of 12.5 cents per share, which represents a payout ratio of 47.7% and A return of approximately 3.47% compared to Thursday’s closing price (€3.60).
Thus, the proposed value at the expense of the results of 2022 is higher than that of 2021, which was 12 cents.
“Dividend payment is subject to approval by the general meeting and will be paid in May 2023,” CTT said in a communication made to the Commission on the Securities Market (CMVM).
CTT remains “committed to improving shareholder rewards,” and the company led by João Bento is on the same note.
CTT today announced its results for 2022, after ending the year with a 5.2% drop in profit to €36.4m. Revenue increased by 6.9% over the previous year to 906.6 million euros, with all business areas recording growth. However, operating expenses also accelerated to 850.5 million, up 64.5 million from the previous year.
The news was updated at 6:56 p.m
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