Podravka held their GSM yesterday during which the company’s shareholders approved a dividend of HRK 9 per share. According to yesterday’s closing price this translates to a dividend yield of 1.5%. Ex-date is set for July 28th 2021.
Note that this marks the third year in a row that Podravka will pay out a dividend of HRK 9 per share. When compared to the Group’s FY 2020 net profit, the approved amount translates to a pay-out ratio of 25% which is in line with the Company’s dividend policy and in line with our assumptions.
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.
Dividend per Share (HRK) and Dividend Yield (%) (2016 – 2021)
