Key principles
i. Enables financial capacity to maintain strategic flexibility to meet the goals of investment in business growth and to continue to position CTT as a reference in logistics and e-commerce in Portugal and Spain;
ii. Implement a remuneration policy that is attractive, constituting an adequate source of income for its shareholders;
iii. Includes an ordinary dividend component, which is intended to have a greater recurrence, and a share repurchase component, which will be more casuistic and applicable according to market conditions.
1 Dividend declared in relation to each fiscal year, paid in the subsequent year; 2 Based on individual accounts; 3 Yield calculated taking as a reference the year end share price of each year; 4 Executed in 2022, 6.085m shares acquired and cancelled; 5 Executed in 2023/24, 5.475m shares acquired and cancelled; 6 Executed in 2024/25, 4.620m shares acquired and cancelled; 7 Dividend proposed by the Board of Directors, to be decided upon at the Annual General Meeting of 30 April 2026; 8 In execution, announced on 10 February 2026.
Shareholder remuneration principles – dividends
Targeting to pay out between 35% to 50% of net profit in recurrent dividends.
1 Related to dividend declared in each fiscal year, paid in the subsequent year; 2 Dividend proposed by the Board of Directors, to be decided upon at the Annual General Meeting of 30 April 2026; 3 Yield calculated taking as a reference the year end share price of each year; 4 Based on individual accounts.
Shareholder remuneration principles – Share buyback
Share repurchase component, which will be more casuistic and applicable according to market conditions.
Subsequent cancellation of the shares purchased, in the presence of adequate market conditions.
1 Yield calculated taking as a reference the market cap at year end of 2022, 2023 and 2024 respectively. In 2026, the yield is computed taking as reference the market cap on 9 February 2026; 2 Executed in 2022, 6.085m shares acquired and cancelled; 3 Executed in 2023/24, 5.475m shares acquired and cancelled; 4 Executed in 2024/25, 4.620m shares acquired and cancelled; 5 Announced on 10 February 2026.
Consult here the press releases related to the share buyback program.