Milkiland offers EUR 0.08 DPS, initiates share buyback
4 July 2013
Milkiland (MLK PW) shareholders voted at their June 21 AGM to distribute dividends of EUR 0.08 per share (roughly 19.5% of the company’s 2012 income), the company announced on June 3. That implies a dividend yield of 3.0% based on the last closing price. The dividend will be paid on Nov. 15 to those registered as shareholders at the end of Nov. 1.
Shareholders also voted to allow the board to begin buying back the company’s shares during the next 18 months at a limit of 50% of share capital (the company’s current free float is 21.7%). Milkiland shares have lost 2/3 of their price since their IPO in December 2010.
