SPDIT-SICAF Announces Dividend Distribution and Stable Shareholder Remuneration
The board of directors of SPDIT-SICAF, which met yesterday, has decided to convene an ordinary general assembly on Monday, April 6, 2026, and propose a dividend distribution of 1 TND per share. This means that shareholder remuneration remains stable compared to last year.
2025: A Good Year for SPDIT-SICAF
The asset manager received 21.665 million TND in dividends and 5.532 million TND in investment income. The capital gains from disposals amounted to 6.690 million TND. The company's investments and other financial assets total 47.938 million TND, down from 51.473 million TND the previous year. Liquid assets and equivalents amount to 30.125 million TND. With a relatively static management approach, the company seems to be waiting before investing, especially since the market is bullish.
Reversals of Provisions and New Provisions
SPDIT-SICAF has realized reversals of previous provisions amounting to 1.415 million TND, including 0.915 million TND for listed securities. New provisions for depreciation of securities are limited to 0.319 million TND.
First Half of 2025: Net Profit Down 16.9%
The first half of the 2025 fiscal year resulted in a net profit of 24.821 million TND, a decline of 16.9% compared to the same period last year. However, this decrease is expected to be offset in the second half of the year, given the delay in the receipt of dividends distributed by companies in the portfolio.
Attractive Dividend Yield
Based on yesterday's closing price, the dividend yield of the stock is 6.1% net, making it an excellent investment. The stock has never disappointed in terms of shareholder remuneration. If the general assembly approves this distribution, SPDIT-SICAF will distribute a dividend of 3.735 TND net per share. For someone who bought the stock on December 31, 2020, the cumulative net yield will be 48.9%. This is an impressive performance, and it remains to be seen if the company can maintain this level of returns in the future.
