Krka Proposes EUR 7.5 DPS

At the share price before the announcement, this would amount to a DY of 5.9%. Ex-date is yet to be announced.

At the Supervisory Board meeting of Krka, held yesterday, 3 April 2024, Krka’s Supervisory and Management Boards made the proposal for the distribution of accumulated profit for 2023. According to the press release, out of the net profit of EUR 381.9m, Krka decided to pay out EUR 231.2m in the form of dividends, while the remaining amount, EUR 150.8m, will be split equally (EUR 75.4m) among other profits reserves, and the amount that will be carried forward to the next year.

This would imply a payout ratio of 60.5%, and a gross dividend of EUR 7.5 DPS, which at the share price before the announcement, would represent a dividend yield of 5.9%. Neither the ex-date nor the payment date was yet announced. The dividend proposal is subject to approval at the GSM, which will be held on 11 July 2024.

Below we provide you with the historical dividends per share and dividend yields of the Company.

Krka dividend per share (EUR) & dividend yield (%) (2009 – 2024)

Source: Krka, InterCapital Research

Category : Flash News

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