XTB is a global fintech company providing trading and brokerage services to institutional investors, high net worth individuals and retail traders. In the fourth quarter of 2018, XTB’s shareholders will receive $40 million in dividends from its licensed operations worldwide.
A dividend is a distribution of a portion of the company’s profits to its shareholders. A stock dividend is a type of dividend paid by a corporation to its shareholders out of earnings retained from operations.
X-Trade (XTB), a Polish forex and CFDs broker, has announced intentions to pay out PLN 176.1 million (about $40 million) in dividends to its shareholders. According to the release, the business has also set May 16 as the planned date for assessing shareholder holdings for dividend distribution.
A portion of the profit will go to the company’s reserve capital.
The payments will come from the earnings generated by the firm’s trading division in 2021, according to the corporation. According to XTB, a portion of the earnings earned will be set aside as reserve capital, as decided by the company’s board of directors and shareholders. It had a net profit of PLN 238.3 million last year, down 40.7 percent from the previous year’s figure.
The broker also said that the dividend distribution proposal is consistent with the company’s payout policy. The board of directors proposes a dividend payment of 50 percent to 100 percent of the standalone net profit, according to the company’s dividend policy.
The broker has already paid a dividend of PLN1.79 per share for the preceding share. However, at that time, the projected dividend payout had been reduced to PLN1.5 per share.
XTB is concentrating on international expansion.
XTB reported revenue of PLN 13.6 million in Q4 2021, which is 68.9% more than revenue in Q4 2021. However, the company’s yearly operating income fell by 21.6 percent to PLN 625.6 million, indicating a slowing performance.
XTB has said that it would continue to concentrate on expanding its worldwide business. Its MENA division has begun operations, with plans to expand to additional areas shortly. In South Africa, the firm just obtained an operating license. This will enable the company to provide all of its services across the nation.
