Dividends

JSC Olainfarm approved dividend policy with an aim to create a well-considered, balanced and transparent profit distribution model to ensure regular dividend payments to shareholders and to reach long-term business targets of JSC Olainfarm.

The Management Board of JSC Olainfarm when calculating dividend amount shall observe the following principles:

– “Dividend stability principle” states that JSC Olainfarm annually strives to pay shareholders dividends at least 20% from the previous year’s net profit.
– “Balance principle” sets a reasonable balance between shareholders income, cash flow forecasts and long-term development needs of JSC Olainfarm.
– “Transparency principle” states that arguments for setting annual dividend amount are communicated to involved parties.

A share of the net profit of JSC Olainfarm which remains after dividend payment is retained in the company for further investments in the company’s development.

The Management Board of JSC Olainfarm after approval of the annual report prepares a dividend payment recommendation based on dividend policy principles as well as terms specified in Latvia’s legal acts, JSC Olainfarm contractual liabilities, and obligations.

The Management Board submits its dividend payment recommendation to the Supervisory Council which may draft its opinion on the Management Board’s recommendation and inform with it the general meeting.

The general meeting votes on dividend payment based on the recommendation of the Management Board and the opinion of the Supervisory Council.

Dividends are calculated from JSC Olainfarm previous years’ net profit.

In 2017 in addition to dividends 0.02 EUR per share were paid out from reserves.

Dividends