Avangard will pay out USD 6.6 million worth of dividends to minority stakeholders

02.03.2015

According to the official statement made by the company on London Stock Exchange, company’s Board of Directors approved dividend payout of USD 4.625 per share for the total of USD 6.6 million to the minority stakeholders. Decision was made on February 26, 2015 and made public on Friday, February 27.

Company also decided to pay out dividends to the majority shareholders for the total of USD 22.9 million. These funds remain at company’s balance and have to be paid upon first request. Avangard paid the same amount of USD 4.625 per share in 2013. UkrAgroConsult experts see consistency in company’s actions as a positive factor which will benefit the company in the future.

UkrAgroConsult issues quarterly report “Agrarian Sector of Ukraine: Financial and Operational Analysis”. Report covers quarterly operating and financial results of Public Ukrainian Agrarian companies. January Q1 2015 issue will include summary of 2014 results, as well as our forecast for 2015.  You can subscribe to the report to receive it on a quarterly basis.

 

Readers choice: TOP-5 articles of the month by UkrAgroConsult