PJSC “Meridian” named after Korolyov” (Kyiv), a part of the state concern ‘Ukroboronprom’, plans to allocate 30% or 70% of its net profit of UAH 11 million for dividends in 2024.
These two draft resolutions on dividend payments are on the agenda of the general meeting of shareholders scheduled for April 17.
If 30% of the net profit is allocated to dividends, they will be accrued in the amount of UAH 3.27 per share of UAH 0.5 par value, and 70% – UAH 7.65 per share.
The dividends are to be paid by July 1 this year.
As reported, in 2023, Meridian paid dividends to shareholders of UAH 11 million (90% of net profit of UAH 12.205 million) at the rate of UAH 10.90 per share.
According to the National Securities and Stock Market Commission (NSSMC), as of the third quarter of 2024, the state, represented by Ukroboronprom, owns 50%+1 share of PJSC Meridian named after Korolyov, and another 40.0753% is owned by Meridian Soyuz LLC, one of the beneficiaries of which, according to Clarity Project, is Vadym Hryb, co-owner of the Tekt investment company.
At the meeting, the shareholders also plan to change the type of company from a public joint-stock company (PJSC) to a joint-stock company (JSC) and re-elect the supervisory board, terminating the powers of the previous six-member board.
“Founded in 1953, Meridian is a diversified enterprise specializing in the development and serial production of electronic devices for various purposes, including radio measuring instruments: frequency meters, spectrum analyzers, and generators.
The company also performs galvanizing, laser cutting of metals, and plastic molding.
According to Clarity Project, the company increased its net revenue by 24% in 2023 to UAH 177.43 million, while net profit decreased by 27% to UAH 12.2 million.
The total dividends paid by the world’s largest companies by the end of 2024 amounted to $1.747 trillion, according to a report by UK-based Janus Henderson Investors.
This is a record and 6.6% higher than the previous year.
In 17 of the 49 countries whose representatives were taken into account in the study, dividend payments reached historic highs. These include the US, Japan, France and China.
The leaders in the amount of payments were Microsoft Corp., Exxon Mobil, HSBC, Apple Inc., China Construction Bank Corp., PetroChina Co., China Mobile, JPMorgan Chase & Co., Chevron Corp. and Johnson & Johnson, whose dividends totaled $145.9 billion (or 8.4% of the total). Next came Taiwan Semiconductor Manufacturing Company, Verizon Communications, Abbvie, Petroleo Brasileiro (Petrobras), BHP, Broadcom, Pfizer Inc., Procter & Gamble Co., Home Depot Inc. and Toyota Motor – their payouts totaled $101.7 billion.
Companies such as Meta, Alphabet Inc. and Alibaba declared their first-ever dividends last year.
About 88% of companies increased their payouts or kept them the same.
American companies increased dividends by 8.7% (up to $651.6 billion), Japanese companies – by 15.5% (up to $86 billion), European companies excluding Great Britain – by 5.6% (up to $313 billion), representatives of the Asia-Pacific region excluding Japan – by 2% (up to $163.5 billion).
In the fourth quarter, the world’s leading companies paid $371.7 billion in dividends, which is 7.3% higher than in the same period in 2023.
According to Janus Henderson’s forecast, by the end of 2025, the total amount of dividends paid globally will grow by 5.1% to $1.83 trillion, i.e. will once again renew the record.
Janus Henderson’s quarterly study, which analyzes global trends in dividend payments, takes into account data from 1.2 thousand of the world’s largest companies by market value. It has been conducted since 2009.
Production Enterprise Tekhmash JSC (Dnipro) plans to allocate UAH 5 million from retained earnings to pay dividends in 2024, at the rate of UAH 16,667 thousand per share with a par value of UAH 8.
According to the draft decision of the general meeting of shareholders scheduled for April 10, published in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), dividends are scheduled to be paid by October 10, 2025.
As reported, in 2023, the company also paid UAH 5 million in dividends from retained earnings.
“Tecmash does not provide financial indicators for 2024, but according to the Clarity Project, last year the company made a net profit of UAH 2.83 million (against UAH 0.19 million in 2023) with a 35% increase in net income to UAH 223.4 million.
Retained earnings at the beginning of the year amounted to UAH 66.74 million (UAH 76.13 million a year earlier).
As of the fourth quarter of 2024, 61% of the authorized capital of Tekhmash is owned by its director Oleksandr Kolomoitsyn, and four other individuals own 28% of the shares in total. The authorized capital of the company is UAH 2.4 million.
The main specialization of Tekhmash is the installation of technological equipment, pipelines, and the manufacture of equipment for various industries, including conveyors (scraper, belt, screw), capacitive equipment, metal structures, and aspiration air ducts.
At the beginning of 2024, it employed 229 people, down 23% from a year earlier.
At a meeting on February 17, the shareholders of Arsenal Insurance (Kyiv) decided to allocate UAH 50.1 million of profit for 2021 for dividends, according to the information disclosure system of the National Securities and Stock Market Commission (NSSMC).
The decision is enshrined in the minutes of the meeting of February 24, 2025.
According to the announcement, the amount of dividends per ordinary share will be UAH 167. Dividends will be paid directly to shareholders in proportion to the number of shares held by each of them in two stages: March 17 and April 22, 2025.
Arsenal Insurance is the legal successor of Arsenal-Dnipro, which has been operating in Ukraine since 2005. It is represented in all regional centers and some major cities of the country.
According to the National Bank of Ukraine, the company is among the top ten insurers in Ukraine in terms of premiums collected in the first nine months of 2024.
Elax PrJSC (Kharkiv), one of the leading suppliers of products and integrated solutions in the field of automation and power supply for industrial enterprises, will pay UAH 50 million in dividends to shareholders based on the results of its operations in 2024 at the rate of UAH 62.5 thousand per share (par value UAH 1).
According to the company’s announcement in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), the decision was made by the general meeting of shareholders on February 17.
The dividend payment period is set from March 4 to July 27, 2025, and will be paid in installments of UAH 10 million.
The company does not disclose the amount of net profit in 2024 (in January-September 2024, according to Clarity Project, it amounted to UAH 39.34 million, retained earnings – UAH 103 million).
According to the NSSMC, as of the third quarter of 2024, the company’s shareholders were Iryna and Dmytro Kolchyk (69.625% and 30.375% of the authorized capital, respectively).
According to the company’s annual report, based on the results of its operations in 2023, dividends were paid in the amount of UAH 50 thousand per share for a total amount of UAH 40 million. In 2023, the company earned UAH 41.8 million in net profit (3.3 times more than a year earlier), with net income increasing 2.5 times to UAH 338.6 million.
Elax provides comprehensive services for the creation of automated process control systems (APCS) based on equipment from leading global manufacturers, develops power supply systems and performs electrical installation and commissioning.
In 2022, it partially relocated production to Rivne.
Customers of the company’s products and services include Metinvest, MHP, Kernel, Lactalis, Nestle, Dyckerhoff, and Zdorovye pharmaceutical company.
According to Clarity Project, in January-September 2024, the company increased its net income by 8% compared to the same period in 2023, to UAH 201.2 million, with net profit growing 2.5 times to UAH 39.3 million.
The shareholders of PrJSC “Production Association ‘Stalkanat’ (Odesa) intend to allocate UAH 60 million 511,837 thousand for dividends at the rate of UAH 0.58 per share from the profit for 2024, and leave the rest as retained earnings.
This issue is included in the agenda of the general meeting of shareholders scheduled for March 10 this year in remote mode.
However, no profit figures for 2024 are provided.
The shareholders plan to review the CEO’s report for 2024 and determine the main areas of activity in 2025. They will also consider the report of the Supervisory Board for the previous year, the conclusions of the audit report of the auditor, and approve measures based on the results of the report review.
It is also planned to approve the results of financial and economic activities for 2024, make a decision on the distribution of profits for the past year, and approve the annual report.
As reported, in 2023, Stalkanat reduced its net profit by 13.8% year-on-year to UAH 280.060 million from UAH 325.073 million. Retained earnings at the end of the year amounted to UAH 373.626 million.
“Stalkanat is one of the largest producers of steel ropes and reinforcing strands in Eastern Europe and a leader in the production of hardware products in Ukraine.
According to the third quarter of 2024, David Nemyrovsky holds a 50% stake, Anton Mikhalenko – 23.7%, and Maria Kondratyuk – 23.1%. Earlier, the company reported that an individual, Vitaliy Dubovich, owned 3.199998% of its shares.
The authorized capital of Stalkanat currently amounts to UAH 17.736 million, with a share price of UAH 0.17.
