The management board of Tallinna Kaubamaja proposed to pay EEK 2 in dividends, what is twice as much as last year.
Tallinna Kaubamaja will pay dividends EEK 2 per share, in total amount of EEK 81.5 million. Last year Tallinna Kaubamaja paid EEK 1 a share in dividends.
The sharehoders general meeting should approve the proposed dividend on 9 May.
Äripäev analyst Tõnis Oja writes that based on today’s closing price, the return on equity is 2 pct what is clearly less than in other listed companies who have disclosed the dividend payment amount.