Podravka held their GSM yesterday during which the company’s shareholders approved a dividend of HRK 13 per share. According to price before announcement date this translates to a dividend yield of 2.1%. Ex-date is set for July 13th 2022.
At the Group level, this would mean that HRK 91.3m would be paid out as dividends, representing a pay-out ratio of 28.7%, and a gross dividend of HRK 13 per share. Compared to last year Podravka increased the dividend amount by 44% YoY. This is HRK 4 per share more than it was paid last year when the gross dividend was HRK 9 per share.
As a reminder, in challenging 2021 Podravka Group achieved strong results with sales revenues in the amount of HRK 4.6bn (+2.8% YoY) and a net profit of HRK 309m (+24.2%YoY).
In the graph below, we are bringing you the 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 13 July 2022, the record date is set for 14 July 2022, and the payment date is set for 12 August 2022.
Dividend per Share (HRK) and Dividend Yield (%) (2016 – 2022)
