The management board recommends a payout of PLN 5.02 per share.
Growing client base and expansion plans contribute to investor confidence.
The Management Board of the publicly-traded broker XTB announced that it
recommends paying a dividend of over PLN 590 million ($146 million) per share, which is historically the highest portion of profit distributed
among shareholders.
In response to the news, XTB's shares on the Warsaw Stock Exchange (WSE) tested
historical highs on Wednesday.
75%
of XTB’s 2023 Profit Allocated for Dividend
According to information published by the company this week, the Management
Board of XTB adopted a resolution recommending the allocation of 75% of the
company's net profit for 2023, amounting to PLN 787 million ($195 million), for
dividend payment. The remaining part, PLN 197 million ($49 million), will
supplement the company's reserve capital.
"The Management Board of XTB proposes a dividend record date of 5 June
2024 and a dividend payment date of 20 June 2024," the XTB statement read.
This means that XTB will pay PLN 5.02 ($1.24) per share, which gives a
dividend yield of 7.2%. However, this yield is lower than in the previous year due
to the strong increase in the share price on the WSE.
XTB's shares grew by nearly 22% last year and are already growing over 60% this year. The information about the dividend payment triggered
another growth impulse, and on Wednesday, the shares briefly gained almost 2%,
setting a new historical high at PLN 62.30.
However, the good streak does not only concern XTB itself. Plus, 500 shares on the LSE have been growing 30% since the beginning of the year, and historical highs, around 2200 pence per share, have also been tested.
Net profit is not the only factor contributing to investors'
confidence in XTB. Primarily, it is the continuous increase in the number of
clients and plans for product and geographical expansion.
XTB
Has over One Million Clients
XTB, which no longer wants to be associated as an FX/CFD broker but as a
"global fintech," certainly has many reasons for this. At the
beginning of this month, the company announced that its number of clients had
exceeded the milestone of one million, doubling over the past three years.
In the meantime, the company has introduced many new products, including
passive trading tools based on ETFs. In 2024, it already put a social trading platform in users' hands. Soon, it will offer the possibility
of trading bonds.
According to information from February, XTB counts on expansion in the
British market, where it wants to join the £400 billion Individual Savings
Accounts industry. The expansion goes beyond the old continent, and
an example of this is the acquisition of a broker in Indonesia, which is to
become a "Gateway to Asia" for the company.
The Management Board of the publicly-traded broker XTB announced that it
recommends paying a dividend of over PLN 590 million ($146 million) per share, which is historically the highest portion of profit distributed
among shareholders.
In response to the news, XTB's shares on the Warsaw Stock Exchange (WSE) tested
historical highs on Wednesday.
75%
of XTB’s 2023 Profit Allocated for Dividend
According to information published by the company this week, the Management
Board of XTB adopted a resolution recommending the allocation of 75% of the
company's net profit for 2023, amounting to PLN 787 million ($195 million), for
dividend payment. The remaining part, PLN 197 million ($49 million), will
supplement the company's reserve capital.
"The Management Board of XTB proposes a dividend record date of 5 June
2024 and a dividend payment date of 20 June 2024," the XTB statement read.
This means that XTB will pay PLN 5.02 ($1.24) per share, which gives a
dividend yield of 7.2%. However, this yield is lower than in the previous year due
to the strong increase in the share price on the WSE.
XTB's shares grew by nearly 22% last year and are already growing over 60% this year. The information about the dividend payment triggered
another growth impulse, and on Wednesday, the shares briefly gained almost 2%,
setting a new historical high at PLN 62.30.
However, the good streak does not only concern XTB itself. Plus, 500 shares on the LSE have been growing 30% since the beginning of the year, and historical highs, around 2200 pence per share, have also been tested.
Net profit is not the only factor contributing to investors'
confidence in XTB. Primarily, it is the continuous increase in the number of
clients and plans for product and geographical expansion.
XTB
Has over One Million Clients
XTB, which no longer wants to be associated as an FX/CFD broker but as a
"global fintech," certainly has many reasons for this. At the
beginning of this month, the company announced that its number of clients had
exceeded the milestone of one million, doubling over the past three years.
In the meantime, the company has introduced many new products, including
passive trading tools based on ETFs. In 2024, it already put a social trading platform in users' hands. Soon, it will offer the possibility
of trading bonds.
According to information from February, XTB counts on expansion in the
British market, where it wants to join the £400 billion Individual Savings
Accounts industry. The expansion goes beyond the old continent, and
an example of this is the acquisition of a broker in Indonesia, which is to
become a "Gateway to Asia" for the company.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
Marex Reports Strong Full Year and Quarterly Results: Revenue Jumps 75%
Hannelé De Necker, CEO, IFX Brokers | FMAS:24
Hannelé De Necker, CEO, IFX Brokers | FMAS:24
1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors 🤩 Starting off strong with Hannelé De Necker, CEO OF IFX Brokers.
See you there!
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1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors 🤩 Starting off strong with Hannelé De Necker, CEO OF IFX Brokers.
See you there!
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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FMAS:24 | Sneak Peak
FMAS:24 | Sneak Peak
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa