The Supervisory Board of Podravka proposed on Thursday that a dividend of 3.20 euros per share be paid to shareholders, which is 55 cents more than last year, according to a statement from the Koprivnica-based food company on the Zagreb Stock Exchange.
The Supervisory Board has determined the revised annual financial report for 2023, including the consolidated report for the Podravka group and the report for the parent company, Podravka d.d., and has established a proposal for the decision on the use of last year’s profit.
Podravka d.d. achieved a net profit of 47.4 million euros last year, and the Supervisory Board proposes that 2.4 million euros be allocated to legal reserves and 22.2 million euros to other reserves.
The Supervisory Board also proposed that a dividend of 3.20 euros per share be paid to shareholders, which is 55 cents more than last year when the dividend was 2.65 euros.
The maximum amount of the dividend is 22.8 million euros, and the amount paid will depend on the number of shares belonging to registered shareholders in the Central Clearing Depository (SKDD), reduced by the dividend on treasury shares, the statement notes, adding that after such allocation, the remainder of the net profit will be retained in retained earnings.
The dividend will be paid to shareholders registered in the SKDD depository on June 14, and the claim for payment is due on July 12, as announced in the proposal for the decision on the use of profit for 2023 submitted for approval to the General Assembly.
