Abrau-Durso's board proposes a suggested dividend return of nearly 3%
Abrau-Durso, Sparkling Wine Producer, Plans Dividend Payments
Listen up, shareholders! Prepare to toast to some extra cash, as the board of directors at Abrau-Durso—the famous sparkling wine producer—has proposed a dividend payout for 2024, amounting to 5.01 rubles per share. This delightful news comes straight from the horse's mouth, according to an official company announcement.
With a proposed allocation of 545.5 million rubles for these payments, it seems like the good times are rolling at Abrau-Durso. Based on the current lineup, those entitled to receive dividends will be determined on July 7. Just remember to snag your Abrau-Durso shares by July 4 if you want a piece of this action, as that's the last day to buy 'em for dividends.
But wait, there's more! The final, official decision on the matter will be made at the general meeting on June 26. So mark your calendars and get ready to pop the champagne, because it looks like you might be in for a substantial payday.
Now, you're probably wondering, "What aboutAbrau-Durso's dividend history and their policies in the past?" Well, buddy, it seems that, much like a quality vintage, secrets in the world of business need time to mature. Abrau-Durso doesn't have a formalized policy regarding dividends. However, Pavel Titor, the group's president, boldly stated his intention to dedicate a whopping 25% of profits to dividends back in April 2023.
Impressively, Abrau-Durso's net profit for 2024 soared by 43% to a marvelous 1.84 billion rubles, with EBITDA climbing by 51% to an impressive 4.31 billion rubles. Revenue also saw a significant boost, skyrocketing by 26% to 15.8 billion rubles.
Abrau-Durso's shares on the Moscow Exchange rose by 2.4% to 189.6 rubles at their peak, although the growth slowed to 1.1% by 15:20 Moscow time, with shares trading at 187.2 rubles. The current dividend yield is around 2.7%.
For the full scoop on Abrau-Durso's financials, it's best to consult their latest annual report or reach out to their investor relations department. After all, even the finest vintage requires a discerning eye to truly appreciate its value.
With the proposed dividend payout, shareholders are looking forward to an extra income stream from Abrau-Durso's impressive financial performance, indicating potential growth opportunities within this business. As Abrau-Durso's net profit and EBITDA have surged, forward-looking investors may see this sparkling wine producer as a promising choice for investing in the finance sector.
