At the share price before the announcement, this would imply a DY of 5.9%. The ex-date is set for 23 July 2024.

Yesterday, Krka published its General Assembly resolutions. According to the release, they approved the dividend payment in the amount of EUR 230.9m, from the 2023 distributable profit of EUR 381.9m, implying a payout ratio of 60%. Meanwhile, the remainder is split in 2, will be split equally (EUR 75.4m) among other profit reserves, and the amount will be carried forward to the next year. This would mean that the gross dividend amounts to EUR 7.5 DPS. Krka notes that this is a 13.6% increase in the dividend amount YoY.

The ex-date is set for 23 July 2024 (the record date is 24 July), while the payment date is set for 25 July 2024. 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 – 2024)

Source: Krka, InterCapital Research