Yesterday Adris Group shares went ex-date. ADRS decreased by 3.3%, while ADRS2 decreased by 2.5%.

Yesterday, ADRS and ADRS2 went ex-date. Adris’ regular share price decreased by 3.31%, closing at HRK 468 per share, while the preferred share price decreased by 2.53%, closing at HRK 424 per share.

As a reminder, on 10 June, Adris held its GSM where the company announced that its 2021 profit will be transferred into the retained earnings. At the same time, they decided to pay out a dividend of HRK 15.5 per share, from the retained earnings in the period from 2005 to 2011. Shareholders approved a dividend of HRK 15.5 per share (for both regular and preferred share), which is 24% increase compared to previous year dividend. Note that, dividend yield for regular shares (ADRS) is 3.37% and dividend yield for preferred shares (ADRS2) is 3.64%.

As a reminder, Adris in 2021 paid a dividend of HRK 12.5 per share, while in 2020 it did not pay out a dividend. However, we note that besides dividends, Adris frequently uses share buyback to return cash back to their shareholders.

In the graphs below, we are bringing you the historical overview of the company’s dividend per share and dividend yield. Note that the yields were calculated based on the closing price the day before the initial dividend proposal.