CTT Correios de Portugal S A : Payment of dividends of the 2023 financial year
April 30, 2024 at 12:14 pm EDT
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CTT - Correios de Portugal, S.A.
Av. dos Combatentes, 43 - 14th Floor 1643-001 LISBOA
Lisbon commercial registry and fiscal no. 500 077 568
Share Capital EUR 71,957,500.00
Announcement - Lisbon, 30 April 2024
Payment of dividends
Under the terms and for the purposes of Article 29-K(1)(b) of the Portuguese Securities Code and Article 7(1) of the CMVM Regulation no. 1/2023, CTT - Correios de Portugal, S.A. ("CTT"), following the approval of the proposal for the allocation of profits by the Annual General Meeting held on 23 April 2024, hereby informs on the payment of dividends concerning the 2023 financial year.
Dividends relating to the financial year of 2023 shall be payable on the dates, under the terms and in the amounts per share indicated below:
Ex-dividend date: 14 May 2024
Dividend payment date: 16 May 2024
Gross dividend
€0.17000
Gross dividend
€0.17000
Personal Income Tax (28%)(*)
€0.04760
Corporate Income Tax (25%)(*)
€0.04250
Net dividend
€0.12240
Net dividend
€0.12750
Dividends are subject to a definitive withholding tax of35% when paid or made available: (i) in bank accounts opened in name of one or more holders but on behalf of unidentified third parties, except in the case that the effective beneficiary is identified; or (ii) to non-resident entities with no permanent establishment in Portuguese territory, who are domiciled in a country, territory or region under a tax regime clearly more favorable, included in the approved list published by the Ministry of Finance.
In accordance with the applicable regulations, payment of the dividend will be made through the Central Securities Depository. The paying agent appointed for this purpose is Banco Montepio.
Shareholders who are entitled to a tax exemption, waiver or reduction from the withholding rate for personal/corporate income tax must provide evidence of all the relevant facts allowing them to benefit from such exceptions to the entity obliged to withhold the relevant taxes prior to the dividend payment date.
This information to the market and the general public is also available on CTT website at: https://www.ctt.pt/grupo-ctt/investidores/comunicados/index?language_id=1.
CTT - Correios de Portugal, S.A.
Guy Pacheco
Market Relations Representative of CTT
Nuno Vieira
Head of Investor Relations of CTT
Contacts:
Email: investors@ctt.pt I Phone: + 351 210 471 087
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CTT-Correios de Portugal, S.A. is the Portuguese leader in postal services provision. Net sales break down by activity as follows:
- mail collection and delivery (50.4%): letters, postcards, ads, advertising documents, newspapers, etc.;
- express and parcels transportation and delivery services (40.2%): activity ensured in Portugal, Spain and Mozambique;
- sale of financial products and services (7.2%): public debt certificates, postal saving products, insurance and postal money orders;
- banking and payment services (2.2%): savings accounts, consumer credit (auto loans and credit cards), mortgage loans, off-balance sheet savings. The group also provides payment solutions (Payshop) allowing paying for purchases through the Internet and via certified agents (kiosks, tobacconists, supermarkets, etc.).
Portugal accounts for 69% of net sales.
CTT-CORREIOS DE PORTUGAL, S.A. 
