The shareholders in Kernel, one of the largest Ukrainian agrarian groups, at the annual general meeting held on December 10 approved a dividend of $0.42 per share for FY 2020 (July-2019 – June-2020).
According to the company’s statement on the Warsaw Stock Exchange, the general meeting delegated to the Board of Directors to set up record and payment dates to distribute the dividends.
Kernel’s share price at the close on Friday, November 11, was PLN 45.05 per share, up from PLN 39.35 when the plan to pay the dividend was announced on November 9. The total number of shares in circulation is 84.031 million. According to the annual report of the holding company of the Kernel Holding SA group, Kernel’s Board of Directors will offer to shareholders to approve the payment of a dividend of $0.25 per share.
In FY 2019, Kernel paid a dividend of $0.25 per share on April 30, 2020.
Kernel is a producer and exporter of sunflower oil.
