Beluga Group will allocate at least 50% of its profit for the year to dividends
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Alcohol producer Beluga Group has approved a new dividend policy, according to which at least 50% of the consolidated net profit under international financial reporting standards (IFRS) for the year will go to investors. This year, the company will allocate 1.9 billion rubles to pay dividends on shares in free float (excluding treasury shares).
“On October 20, the Board of Directors of Beluga Group approved the company’s new dividend policy. The change affected the amount of payments, which from now on is set at a level of at least 50% of the consolidated net profit under IFRS for the year, and not 25%, as it was before. The target frequency remains unchanged – at least twice a year, ”reported on site holding. As noted in the message, the company thus helps to increase the investment attractiveness of the Beluga Group.
On October 4, the meeting of shareholders of the holding approved the payment of interim dividends for the first half of 2022 in the amount of 150 rubles. per share before tax. RUB 1.996 billion will be allocated to pay dividends on shares in free float, which is 88% of Beluga Group’s net profit under IFRS for the first half of 2022.
October 19 company announced on the sale of international rights to the vodka brand of the same name for $75 million. The decision was made in connection with a reduction in the volume or termination of cooperation with some countries, which significantly complicated the export of vodka products. So, in the fifth package of EU sanctions has entered a ban on the import of Russian alcoholic beverages.
According to Agroexport estimates, in 2021 Russia supplied to foreign markets more than 2.7 million decalitres of strong alcoholic beverages worth $195 million, including 2.3 million deciliters of vodka worth $160 million. dal), Germany (356 thousand dal) and Latvia (260 thousand dal).
About the situation on the market – in the material “Kommersant FM” “Russian alcohol has increased volumes”.
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