Poland's CCC targets 2026 for dividend payments resumption, shares rise (updated)

Modivo SA

14/11/2024 13:52

(Adds shares, CEO comments on cooperation with kaes)
       Nov 14 (Reuters) - Polish footwear and fashion retailer
CCC  CCCP.WA  considers it realistic to resume paying a dividend
in 2026, CEO Dariusz Milek said on Thursday.  
    "2026 is a realistic date for us to pay out a dividend,"
Milek told a news conference. 
    CCC last paid a dividend on 2018 results.
   Its shares were up 9.4% at 1334 GMT.
    Retailer also plans to develop fashion brand Worldbox, along
with its Polish partner kaes, Milek said.
    Kaes has 150 stores offering clothing and footwear
throughout the country.
    CCC owns a 10% stake in kaes and has signed a franchise
agreement to develop the Worldbox network, the company said in a
presentation.
    
    

 (Reporting by Marta Maciag;
Editing by Alison Williams and Tomasz Janowski)
 ((Marta.Maciag@thomsonreuters.com;))