MHP pays USD 0.75 in DPS, sets record date for April 20

Ukraine’s leading poultry producer MHP (MHPC LI,
MHPSA) announced the distribution of an interim dividend of USD 0.7492 per share,
or in total USD 80 mln, according to the company’s press-release published on
April 12. It implies a dividend yield of 5.55%. The dividends to minority
shareholders will be paid on April 26, while the record date will be April
20. 

The company’s major shareholder (WTI Trading limited)
will receive its dividend later, by Nov. 1, according to the Board of Directors
announcement. Recall, the company announced in its annual report
of March 7 that it will pay about USD 80 mln in dividends in late April.

Andriy Perederey: The USD 80 mln annual dividends has been a tradition for MHP since
2016, so the company remains among the most generous dividend payers in the
Ukrainian equity universe. The announcement does not change our bullish view on
MHP stock and neutral view on all its bonds.