Ence will pay its second interim dividend against 2024 results on November 7. Specifically, the company will pay 0.033 euros per share after approving the disbursement on October 29, 2024. As a result of this transaction, the company is trading today ex-dividend, i.e. adjusting its share price to the next payment to shareholders.
On August 7, the company paid a first interim dividend on 2024 results in the amount of 26 million euros, equivalent to 0.107 euros gross per share. Both dividends represent a yield for shareholders of 5%, calculated on the closing price at the end of the quarter.
Results
Ence presented last week its results for the first nine months of the year. The company has achieved a net profit of 40.8 million euros up to September 2024. Regarding the rest of the company’s economic parameters, it should be noted that the Group’s consolidated ebitda stood at 152.5 million euros between January and September, more than double the 63.7 million euros recorded in the same period of 2023. Turnover amounted to 668.1 million euros in the first nine months, up 6.1%. The company will continue to combine its growth and diversification plans in its pulp and energy businesses with its strategy of financial discipline and a regular dividend policy.
