Astarta shareholders to consider paying EUR 0.5 in DPS

The board of directors of Ukraine’s leading sugar producer and farmer, Astarta (AST PW), is offering shareholders to consider the distribution of EUR 0.5 per share of dividends at the company’s AGM on May 28. According to a report by Interfax-Ukraine on April 16, the dividends are planned to be paid from the company’s 2020 profit (which amounted to EUR 8.6 mln) and part of its retained earnings (EUR 3.9 mln). The amount implies a dividend yield of about 6.1%, based on yesterday’s closing price.

 

Alexander Paraschiy: If approved, this will be the first dividend distribution by the company in its public history. The initiative to start paying dividends looks logical and timely taking into account the company’s strong balance sheet and careful expansion strategy.