At the share price before the announcement, the dividend yield for the regular share (ADRS) amounted to 3.7%, while for the preferred share (ADRS2) it amounted to 4.1%. The ex-date is set for 26 June 2023.
Adris published the resolutions of its General Assembly meeting held yesterday. During the GSM, the Company approved EUR 2.35 dividend per share. This would be paid out of the retained earnings in the period from 2005 until 2011.
This would mean that the dividend yield before the proposed dividend amounted to 3.7% for the regular share (ADRS), while it amounted to 4.1% for the preferred share (ADRS2). The ex-date is set for 26 June 2023., while the payment date is set for 20 July 2023.
Below we provide you with the historical overview of Adris’s dividends per share and dividend yields.
Adris grupa dividend per share (EUR*, left) and dividend yield (%, right) (2013 – 2023)
Source: Adris Grupa, InterCapital Research
*Converted using CNB’s EUR/HRK exchange rate for the periods in question