(AOF) – At the last Combined Annual General Meeting, the shareholders of the LDLC Group approved the proposal to pay a dividend of 2 euros per share for the 2021-2022 financial year. As a reminder, the expert in the sale of computer and high-tech equipment has already paid an ordinary interim dividend of 0.80 euro per share. Regarding the balance of the dividend still to be paid, i.e. 1.20 euros per share, the coupon ex-dividend date has been set for October 5, 2022, with a ‘record date’ of October 6, 2022.
The payment of this dividend balance will take place on October 7, 2022.
Wishing to enhance and retain the company’s shareholding and encourage long-term investment by its shareholders, the management board submitted to the General Meeting a proposed resolution for the implementation of a dividend increased by 10% for registered shareholders after two years of continuous ownership.
Approved by the General Meeting, this increase will come into effect for the first time on the occasion of the possible distribution of a dividend for the financial year to end on March 31, 2024, under legal and regulatory conditions.
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big concerns
According to the Federation of specialized trade, Procos, activity from January to May is very significantly down compared to the same period in 2019, at – 8.8%. Store traffic in May 2022 remained lower than in May 2019, but the decline was limited to 6.5%, much better than in April (-19.6% compared to April 2019). In a very uncertain context, several elements weigh on the profitability of companies, in particular the increase in the cost of electricity and the indexation of rents, even if the composition of the ILC (commercial rent index) has been modified. Previously it was composed of 50% inflation, 25% construction cost index and 25% change in retail turnover. From now on, it will only take into account inflation and the cost of construction because the previous formula included sales made by the ‘pure players’ of the Net, which increased the rents of physical stores.