Coverage of high-potential mid-market firms in Poland

Article

GTC real estate eyes double-digit dividend growth in coming years

TAG'S:

Commercial real estate developer GTC wants to generate double-digit dividend growth in the coming years as the company implements its growth strategy, group's presentation and press statement show.

"We believe that implemented growth strategy will enable us to recommend a

double-digit dividend growth in the years from 2017 onward," the presentation reads.

 

In an accompanying press statement, GTC CEO Thomas Kurzmann also says GTC is "confident that we will generate a double-digit dividend and NAV growth in years to come as we deliver on our total return investment strategy."

 

On Friday the company announced it will offer PLN 0.27 per share from 2016 profit, which translates into 3.3% dividend yield.

 

Back in August company CFO Erez Boniel told PAP GTC could offer a dividend payout in 2019 on the back of rising cash flows.

2017-03-20



Comments : 0

Add comment

The published comments are private opinions of the users. Biznespolska Media Sp. z o.o. is not responsible for their content. Intelligent and insightful comments most appreciated.

Other News

Photo of the week

Photo of the week

Tobias Solorz the CEO of Cyfrowy Polsat SA spearheads the company's improved rating, from "stable" to "positive" (BB+) by S&P Global Ratings (formerly Standard&Poor's Rating Services) ("S&P") following a stellar performance and robust deleveraging capacity in 2017-2018

2017-04-28

WSE Indices


NameValueChangeTime
WIG20 2382,78 -
WIG 61644,56 -0,14 % 17:15
sWIG80 16300,66 +0,45 % 17:15
NCIndex 329,99 +0,76 % 17:15
2017-04-28

WSE Companies


Top 5 Gainers

NameValueChange
BUDOPOL0,06+20,00 %
KREZUS1,49+10,37 %
SADOVAYA GROUP0,32+10,34 %
SECO WARWICK24,20+10,00 %
COAL ENERGY1,03+8,42 %

Top 5 Losers

NameValueChange
FON0,42-22,22 %
HAWE0,27-15,62 %
DELKO10,65-10,50 %
ZASTAL0,27-10,00 %
KORPORACJA BUDOWLANA DOM3,79-8,45 %