May 12 (SeeNews) - Kutjevo Group, the largest wine making company in Croatia [ZSE:KTJV] said on Thursday it will propose to its shareholders to distribute a dividend of 1.4 kuna ($0.19/0.18euro) per share this year, after it skipped dividend payment last year.
The dividend will be distributed out of the company's retained profit for 2018 and 2019, Kutjevo said in a filing to the Zagreb bourse.
Ex-dividend date is June 24, record date is June 27 and payment date is July 12.
Out of the net profit of 22.6 million kuna reported for 2021, 1.1 million kuna will be allocated to mandatory reserves and the remainder will be retained.
Kutjevo's shares traded at 46.80 kuna intraday on Thursday on the Zagreb bourse, down 0.43%, on a bearish market.
(1 euro=7.524 Croatian kuna)