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 Executed in 2023 and 2024; 4 SBB of €25 m in execution in 2024 and 2025.
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;
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 at end of 1H24 respectively.
Consult here the press releases related to the share buyback program.