On February 26th, 2019, I bought an additional 26 shares of Tallinna Kaubamaja Grupp (TKM1T) paying EUR 9.28 per share.
It was announced that Tallinna Kaubamaja Grupp is looking to pay out a dividend of EUR 0.71 this April.
I've been long with this stock since 2017, and actually, this is one of the rare stocks I own from the Baltics which wasn't much affected during 2018.
On the other hand, I didn't plan to buy more shares of this stock this year, but on the late evening night of February 25th, I noticed a post from Baltic Investor informing about the upcoming dividend. As the dividend announcement was made just shortly after the stock market closure I thought that I could try and catch this stock while it was traded still at EUR 9.02:
hmm, it was announced at 16:30, let's see, can we still catch dividend for this year, my inner feeling says the price won't be EUR 9.73 per share tomorrow morning.
I made an auto order with the limit price at EUR 9.22 and decided to pay almost 3% premium. In the next morning when the market opened it started trading at EUR 9.24, at one time the price reached EUR 9.34.
Damn, I thought and canceled my auto order for EUR 9.22 and made another one at EUR 9.30. I finally got the stock at EUR 9.28
Tallinna Kaubamaja Grupp now takes 7.67% from my Nasdaq Baltics holdings.
I'm looking to get a EUR 18.46 (USD 20.97 ) from this buy, which is about 1% from my $2,045 goal for 2019
Tallinna Kaubamaja Grupp historical stock price chart
Tallinna Kaubamaja Grupp is one of the oldest companies listed on Nasdaq Baltic since 1996. It's worth mention that it has paid a dividend since the 2000-s.
About Tallinna Kaubamaja Group
Operators that form Tallinna Kaubamaja Group mostly pursue their business in the sphere of retail and wholesale trade. The Group companies contribute more than one tenth of retail trade in Estonia in general and employ more than 3,500 people.
The Group owns well-known brands like Kaubamaja, Selver, Selveri Köök, Tartu Kaubamaja Centre, Viking Motors, KIA, ABC King, SHU, I.L.U., Viking Security. The loyalty programme of the Group, Partner Card, extends to 585,000 loyal customers and is the largest in Estonia.
The history of the Group dates back to year 1960, the opening of Tallinna Kaubamaja/Tallinn Department Store. Over the decades, the two department stores, respectively, in Tallinn and Tartu, have grown into the largest trading group in Estonia. Shares of Tallinna Kaubamaja/Tallinn Department Store were listed on Tallinn Stock Exchange in 1996.
Learn more: Tallinna Kaubamaja Group