Podravka held their GSM yesterday during which the company’s shareholders approved a dividend of EUR 2.65 per share. According to the price before the announcement date, this translates to a dividend yield of 2.91%. Ex-date is set for June 15th 2023.

At the Group level, this would mean that EUR 18.6m would be paid out as dividends, representing a payout ratio of 37.9%, and a gross dividend of EUR 2.65 per share. Compared to last year Podravka increased the dividend amount by 53.5% YoY. (2022 dividend: EUR 1.73 DPS).

In the graph below, we are bringing you a 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. The ex-date for the payment is set for 15 June 2023, the record date is set for 16 July 2023, and the payment date is set for 14 July 2023.

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

Source: Podravka

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