Shareholders of Nis company Philip Morris to receive dividend of 581.40 dinars for 2024

The shareholders of the Nis company Philip Morris will receive a dividend of 581.40 dinars per share for the first class preferred shares traded on the Belgrade Stock Exchange in 2024, the Momentum Securities brokerage announced today. As mentioned, the dividend was 595.4 dinars per share a year earlier.

As in previous years, it was proposed to distribute the entire amount of the realized profit to the shareholders.

The net profit of that company in 2024 decreased by 2.3%, to 6.2 billion dinars.

Operating profit is 1.9% lower and amounts to 6.9 billion dinars.

That company also had a slightly weaker operating cash flow of 6.3 billion dinars, and cash at the end of the year amounted to 6.5 billion, primarily due to larger outflows from investments.

The company’s financial debt at the end of December amounted to half a billion dinars.

The company’s management has scheduled a regular meeting of shareholders for June 17, where the financial statements will be adopted and a decision will be made on the distribution of profits.

As every year, the cut-off day for participation in profit distribution is December 31 of the previous year.

Since the beginning of the year, the price of the priority shares of that company has increased by 4.3%, to 9,890 dinars, after they jumped by about 19% last year.

Philip Morris operations a.d. Niš

Beogradska berza a.d. Beograd

Momentum Securities a.d. Novi Sad

Philip Morris

dividend