At the share price before the announcement, this would imply a DY of 6.2%, while at the current share price DY is at 5.6%. The ex-date is set for 18 July 2023.
Yesterday, Krka published its General Assembly resolutions. According to the release, they approved the dividend payment in the amount of EUR 204.4m, from the 2022 distributable profit of EUR 408.2m, implying a payout ratio of 50%. Meanwhile, the remainder is split in 2, with the first EUR 101.9m to be transferred into other profit reserves, while the 2nd part will be transferred to retained earnings. This would mean that the gross dividend amounts to EUR 6.6 DPS. Krka notes that this is a 17.2% increase in the dividend amount YoY.
The ex-date is set for 18 July 2023, while the payment date is set for 20 July 2023. Below we provide you with the historical dividends per share and dividend yields of the Company.
Krka dividend per share (EUR) and dividend yield (%) (2009 – 2023)
Source: Krka, InterCapital Research
At the same time, the General Assembly authorized the Management Board to acquire and dispose of treasury shares over the following 36 months, whereby the total amount of treasury shares cannot exceed 10% of the share capital or 3,279,344 shares. Furthermore, the total amount includes shares owned by the Company at the date of the authorization being issued. The Company may acquire treasury shares on the regulated market at market prices.