IMC may pay USD 13 mln in interim dividends
26 June 2018
Ukrainian farmer IMC (IMC PW) announced that the
company’s board of directors has considered the possibility of paying an interim
dividend, according to the results of its annual general meeting published on
June 22. The interim dividend could be paid in the amount of USD 13 mln, or USD
0.39/share. The final decision about the interim dividend payment will occur
after the approval of the company’s 1H18 results by an independent auditor.
Andriy Perederey: This could be the biggest interim dividend payment in the company’s
history (which was previously EUR 0.05/share). The offered dividend yield of
about 12% clearly has the potential to increase the market’s interest in the
stock, which, so far, is not very liquid.
