Yesterday, Podravka’s shares went ex-date. After the market’s closing, the stock decreased by 2.1%, which is in line with DY of 2.1%.
Yesterday, Podravka’s shares went ex-date, referring to the previously approved dividend of HRK 13 per share, with a DY of 2.1% (at the price before the dividend’s proposal). The share price decreased yesterday by 2.1%, which is the same as the dividend yield.
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 payment date is set for 12 August 2022.
To put things in perspective, since the beginning of the year, Podravka’s share price fell by 10.8% and only a 2.1% of price decrease can be attributed to the ex-date as without the dividend payment incentive for investors to invest in a stock vanishes.
Dividend per Share (HRK) and Dividend Yield (%) (2016 – 2022)
