**KEO Proposes €1.68 Million Dividend Payment from 2024 Profits**
Cypriot beverage company KEO plc has announced a proposal for a dividend payment to its shareholders, following a meeting of its board of directors held on Monday. The proposed dividend totals €1,687,276.92, which translates to a payout of 4 cents per fully paid share.
This dividend distribution is to be drawn from the profits of the fiscal year 2024, which are currently reflected in the company’s retained earnings. The proposal is contingent upon approval at the upcoming annual general meeting of shareholders, scheduled for July 8, 2026.
If the shareholders approve the proposal, the dividend will be distributed to those registered in the Cyprus Stock Exchange (CSE) records as of July 20, 2026. This date is designated as the record date, which determines the shareholders eligible to receive the dividend.
In preparation for the dividend payout, the ex-dividend date has been set for July 17, 2026. On this date, shares will begin trading without the entitlement to the dividend. Investors looking to benefit from this dividend must purchase shares before the last cum date, which is defined as July 16, 2026, the final date on which shares can be bought to qualify for the dividend.
Additionally, shareholders who hold securities based on an off-floor transfer that is completed by the record date will also be eligible for the dividend payment.
The company has confirmed that, pending approval, the dividend will be disbursed to shareholders by August 17, 2026. This announcement marks a significant step for KEO plc as it continues to manage its profits and shareholder returns effectively.
KEO plc has a long-standing history in the beverage industry in Cyprus, known for its production of various alcoholic and non-alcoholic drinks. The proposed dividend reflects the company's ongoing commitment to providing value to its shareholders while maintaining a focus on future profitability.
As the date for the annual general meeting approaches, shareholders will be keenly observing the developments surrounding this proposal and its implications for their investments in the company.