Fabrity Group (WSE: FAB) has announced the payment of an additional conditional dividend of PLN 1.00 per share, following the company’s receipt of a refund of overpaid CIT from 2022. With this December payout, the total dividend for 2024 will reach PLN 4.30 per share, translating into an attractive dividend yield of 16%. The Management Board emphasises that despite the company’s intensive growth strategy, Fabrity continues to generate strong cash flows that allow for consistent profit-sharing with shareholders.
Fabrity Group, a company specialising in software engineering and digital transformation solutions, will distribute PLN 1.00 per share in the form of a conditional supplementary dividend for 2024. The dividend record date has been set for 24 November, and the payment date for 5 December this year.
The base dividend for 2024 amounted to a total of PLN 8.5 million, of which nearly PLN 3 million (PLN 1.30 per share) was paid in advance in November last year, while the remaining PLN 5.6 million (PLN 2.00 per share) was distributed to shareholders in June. The Annual General Meeting closing the 2024 financial year passed a resolution approving the payment of a conditional supplementary dividend of PLN 1.00 per share (approximately PLN 2.8 million), provided that the company received—by the end of November—a refund of overpaid CIT for 2022 resulting from the application of the holding company tax exemption in connection with the sale of subsidiary cloud company Oktawave to Netia (Polsat Plus Group). The refund of the principal and interest—amounting to nearly PLN 3.3 million—has already been credited to Fabrity’s account, prompting the Management Board and Supervisory Board to immediately adopt the resolutions necessary to implement AGM Resolution No. 7 of 5 June.
“We are a company with strong growth potential and a long-term strategy of dynamic expansion, but at the same time, our business model enables us to create significant value for shareholders through direct cash distributions. We still have dividend capacity, we are working towards maintaining a high pace of earnings growth in the coming years, and we continue to generate healthy cash flows,” says Tomasz Burczyński, CEO of Fabrity S.A.
With the payment of the supplementary dividend, Fabrity shareholders will receive a total of PLN 4.30 per share for 2024, corresponding to a dividend yield of 16% at the current share price. Over the past four years alone—primarily through dividends but also share buybacks—the company has returned nearly PLN 56 million to shareholders, equivalent to roughly three-quarters of Fabrity’s current market capitalisation.
Source: ceo.com.pl / Fabrity to Pay Additional PLN 1 Dividend per Share After CIT Refund
