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The long-awaited news has arrived from Ereğli Demir ve Çelik Fabrikaları, one of Turkey's largest integrated flat steel producers. The board of directors' dividend proposal for 2025 has been announced.
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The board of directors has proposed a gross dividend of 0.25 Turkish Lira and a net dividend of 0.2125 Turkish Lira per share. The dividend payment date will be determined at the general assembly.
With this dividend announcement, Ereğli's net dividend yield stands at 0.94 percent based on the latest closing price.
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Founded by the state in 1960, Ereğli was incorporated into OYAK as part of the privatization process in 2006.
Located in Karadeniz Ereğlisi, Ereğli Demir ve Çelik Fabrikaları has a capacity of 3 million tons of crude steel and 5.3 million tons of flat products. The company owns 2 ports.
47.51 percent of Ereğli, which is traded on the stock exchange under the ticker EREGL, is publicly held.
News Source : 12punto
