Feb 25 • 07:12 UTC 🇪🇪 Estonia Postimees

Infortar made a dividend proposal

Infortar plans to distribute a dividend of €3.02 per share to its shareholders, marking a significant payout in the history of the Tallinn Stock Exchange.

Infortar, a prominent Estonian company, has proposed a dividend of €3.02 per share to its shareholders, which includes a minimum payout of €1 per share as allowed during the IPO, a carryover dividend from Tallink of €1.5, and an additional dividend of €0.54. The total payout, planned for execution in two equal parts in July and December of this year, demonstrates the company's commitment to returning value to its investors.

The collective amount of approximately €63 million to be distributed among 6,400 shareholders marks a historic milestone, as it represents the largest dividend sum in the history of companies listed on the Tallinn Stock Exchange. This substantial payout underscores Infortar's financial strength and strategic decisions that have led toward profitable operations.

Such a significant dividend may reflect positively on Infortar's stock performance, potentially attracting new investors who are looking for reliable income-generating opportunities. Furthermore, the move could set a precedent for other companies in the region, encouraging them to adopt more shareholder-friendly policies and consider similar substantial dividend payouts, thereby enhancing overall market confidence.

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