At the share price before the announcement, this would amount to a DY of 3.7% for the ordinary, and 4.1% for the preferred shares. The ex-date is set for 26 June 2023.

Yesterday, Adris Grupa publishes the GSM call, in which the proposal of the MB and SB for the distribution of profit was made. According to the release, a dividend proposal of EUR 2.35 DPS was made, both for the ordinary and preferred shares. This would be paid out of the retained earnings in the period from 2005 until 2011. At the same price before the announcement, this would imply a DY of 3.7% for the ordinary shares, and 4.1% for the preferred shares.

The ex-date is set for 26 June 2023, while the payment date is set for 20 July 2023. Of course, the dividend proposal is subject to approval at the GSM, which will be held on 20 June 2023.

Below we provide you with a historical overview of Adris’ 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