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Mitsides approves €410,000 dividend payout for shareholders

Cyprus Mail · 2026-07-20

AI SUMMARY

• What happened: Mitsides Public Company Limited approved a final dividend of €0.05 per share, totaling €410,000, during its eighteenth annual general meeting on July 17, 2026. • Why it matters: This dividend payout reflects the company's strong financial performance for the 2023 fiscal year and demonstrates its commitment to rewarding shareholders. • What to watch next: The record date for dividend eligibility is July 31, 2026, with shares trading ex-dividend starting July 30, and the proposed payment date is August 25, 2026, pending confirmation.

**Mitsides Public Company Limited Declares €410,000 Dividend for Shareholders**

Mitsides Public Company Limited has announced a final dividend of €0.05 per share, amounting to a total payout of €410,000, stemming from the company’s profits for the financial year 2023. This decision was made during the company's eighteenth annual general meeting, which took place on July 17, 2026.

In an official announcement released on Monday, the company specified that the record date for identifying the beneficiaries of this dividend is set for July 31, 2026. This means that all transactions completed by the end of the trading day on July 29, 2026, will be considered for dividend entitlement. Following this date, the company’s shares will trade ex-dividend, starting from July 30, 2026, indicating that they will no longer carry the right to receive the declared dividend.

The dividend will also be available to recipients of over-the-counter transfers that are fully registered in the Dematerialised Securities System by the record date. Mitsides has proposed August 25, 2026, as the payment date for the dividend, although it will issue a further announcement to confirm this date.

In addition to the dividend declaration, the general assembly reviewed and approved the directors’ report and the financial statements for the year ending December 31, 2025. Shareholders also re-elected retiring directors Achilleas Demetriades, Marios Demetriades, and Marios Loucaides to the board, ensuring continuity in the company’s leadership.

The meeting further included the approval of the directors’ remuneration for the year 2026, reflecting the shareholders' confidence in the board's management. Additionally, the assembly sanctioned the re-appointment of PricewaterhouseCoopers Ltd as the company’s auditors for the upcoming year, granting the board of directors the authority to determine the firm’s remuneration.

This dividend payout marks a significant return to shareholders, highlighting Mitsides Public Company Limited's commitment to rewarding its investors while maintaining a robust financial performance. The company’s strategic decisions during the meeting indicate a focus on stability and growth as it navigates the business landscape in the coming years.

Source: Cyprus Mail
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