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 Based on individual accounts; 2 Yield calculated taking as a reference the year end share price of each year; 3 To be approved in 2024 AGM; 4 Planned SBB of €20 m in execution in 2023 and 2024.
Shareholder remuneration principles – dividends
Targeting to pay out between 35% to 50% of net profit in recurrent dividends.
1 Yield calculated taking as a reference the year end share price of each year; 2 Based on individual accounts; 3 To be approved in 2024 AGM;
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 year end market cap of 2022 and 2023 respectively.
Consult here the press releases related to the share buyback program.