At the share price before the announcement, this would amount to a DY of 2.91%. The ex-date is yet to be announced, while the payment date is set for 17 July 2023.

At the meeting of the Management Board held yesterday, 29 March 2023, the distribution of the profit from the financial year 2022 was discussed. According to the press release published by Podravka, in 2023 a dividend of EUR 2.65 per share should be paid out, implying a dividend yield of 2.91%. Compared to last year, the EUR 2.65 DPS is 53.5% higher (2022 dividend: EUR 1.73 DPS).

In total, this would mean EUR 18.6m will be paid out as dividends, implying a payout ratio of 70.7% on the Company level, and 37.9% on the Group level. The ex-date for the dividend is yet to be announced, while the payment date has been proposed for 17 July 2023. Of course, the dividend payment is subject to approval at the General Shareholders Meeting, which will be held on 17 May 2023.

Below we provide you with the historical dividends and dividend yields of Podravka.

Podravka dividend per share* (EUR) and dividend yield (%) (2016 – 2023)

Source: Podravka

*converted using CNB’s EUR/HRK exchange rate at the time