Understanding AS Merko Ehitus' Dividend Payment Process
Dividend Payment Schedule for AS Merko Ehitus
AS Merko Ehitus, a prominent player in the construction and real estate sector, has announced its dividend payment timeline. The trading code for this company is MRK1T, identified under the ISIN code EE3100098328. Shareholders should note that the significant date for this dividend cycle will close at the end of the business day on 30 May 2025.
Ex-Date Details
The ex-date, which is crucial for investors, is set for 29 May 2025. This date is important as it determines who will receive dividends for the financial year 2024. Investors acquiring shares on or after this date will not be eligible to receive any dividends paid out by the company.
Understanding Business Days and Holidays
It’s essential to understand how business days are determined, especially in the context of ex-dates. Even though 29 May 2025 coincides with a trading holiday on the Nasdaq Tallinn stock exchange, it is still recognized as a business day according to the Nasdaq CSD calendar. This distinction can impact purchasing decisions for prospective shareholders.
Dividend Amount and Payment Date
On 2 June 2025, AS Merko Ehitus plans to distribute a dividend of 1.90 euro per share. This payout reflects the company's commitment to rewarding its shareholders while maintaining a strong financial position.
About AS Merko Ehitus
AS Merko Ehitus operates within the construction and real estate development industries, focusing on enhancing living environments across Estonia, Latvia, and Lithuania. The company’s portfolio includes a wide range of infrastructure projects and building developments that address the needs of modern living.
Company Performance Insights
By the end of 2024, AS Merko Ehitus had successfully expanded its workforce to approximately 605 employees. The group reported a remarkable revenue of EUR 539 million for the same year, indicative of its robust market position and operational effectiveness.
Importance of Dividends for Investors
Dividends serve as a key indicator of a company’s financial health and commitment to returning value to shareholders. For investors, understanding the timing and amount of dividends can influence investment strategies and expectations regarding the returns from their investments.
Contact Information for Shareholders
For any inquiries or further information regarding dividends, Urmas Somelar, the Head of Finance, is available at AS Merko Ehitus. He can be contacted at +372 650 1250 or via email at urmas.somelar@merko.ee.
Frequently Asked Questions
What is the ex-date for AS Merko Ehitus' dividend?
The ex-date is set for 29 May 2025. Investors purchasing shares on or after this date will not qualify for the upcoming dividend.
When will the dividend be paid?
AS Merko Ehitus will distribute the dividend on 2 June 2025, totaling 1.90 euro per share.
How does the business day affect the ex-date?
Even though 29 May 2025 is a trading holiday at the Tallinn stock exchange, it is considered a business day according to Nasdaq CSD's calendar, affecting dividend eligibility.
Who should I contact for more information regarding dividends?
For any queries, reach out to Urmas Somelar, Head of Finance at AS Merko Ehitus. He is available at +372 650 1250 or urmas.somelar@merko.ee.
What was AS Merko Ehitus' revenue in 2024?
The company reported a revenue of EUR 539 million for the year 2024, showcasing its strong position in the market.
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