Philip Morris' Serbian unit to raise dividend for 2023

The company announced in a bourse filing on Wednesday that it will pay out its entire 6.3 billion dinars net profit for 2023 as dividends this year.

In addition, the company will also pay 595.35 dinars per each class I preferred stock, 551.85 dinars per each class II preferred share and 546.85 per each class III preferred share, the statement read.

The dividend record date is December 31, 2023.

Last year, the company also distributed its entire 2022 net profit of 6.2 billion dinars.

Its shares last traded on the Belgrade bourse on May 29, closing 0.07% lower at 7,005 dinars.

Philip Morris HH BV controls 83.6% of Nis-based Philip Morris Operations, followed by Serbia's state shareholding fund Akcionarski Fond with 16.5%. The remainder belongs to smaller shareholders, data from the Serbian registry of securities showed on Thursday.

(1 euro = 117.056 dinars)