G. Willi-Food International Declares NIS 30 Million Dividend

G. Willi-Food International Announces a Significant Dividend
G. Willi-Food International Ltd. (NASDAQ: WILC), a leader in the kosher food industry, has recently made headlines with its declaration of a cash dividend distribution amounting to approximately NIS 30 million, translating to about USD 8.27 million. This dividend equates to around NIS 2.16 per ordinary share, marking a notable return for its shareholders.
Announcement Details
The dividend is set to benefit shareholders who are registered as of the end of business on a specified date. Payment of the dividend is scheduled to occur shortly thereafter, giving investors incentive and timely returns for holding their shares. It’s crucial to note that for those receiving payments in US dollars, the final dividend amount may vary depending on the exchange rate applicable on the payment date, reflecting the dynamic nature of international finance.
Overview of G. Willi-Food International
G. Willi-Food International Ltd. operates as an Israeli-based firm dedicated to providing high-quality kosher food products. The company engages in extensive promotional activities and strategic sourcing to offer over 650 food products globally. As one of Israel’s preeminent food importers, its operations span across more than 1,500 clientele and approximately 3,000 selling points worldwide, including renowned retail and supermarket chains.
Product Range and Market Reach
Willi-Food’s diverse product line is crafted to satisfy a wide array of consumer preferences, encapsulating various categories such as dairy, meat, and snack foods. The company also operates through its subsidiary, Euro European Dairies, which specializes in branded kosher dairy products.
Recent Developments and Future Outlook
The management of G. Willi-Food International continuously explores avenues to enhance operational efficiency and grow its market share. Their commitment to quality and compliance with kosher standards reflects their dedication to product integrity and customer trust.
Strategic Initiatives and Innovations
To maintain its competitive edge, G. Willi-Food has been investing in technological advancements and logistics improvements, aimed directly at streamlining production and distribution processes. This strategic focus not only optimizes operations but also ensures timely delivery of products to their extensive customer network.
Conclusion
The declaration of the NIS 30 million dividend highlights G. Willi-Food International’s commitment to rewarding its shareholders while affirming its strong position in the kosher food market. Through consistent operational enhancements and innovative strategies, G. Willi-Food is well-equipped to navigate future challenges and seize growth opportunities.
Frequently Asked Questions
What is the dividend amount declared by G. Willi-Food International?
The company declared a cash dividend of approximately NIS 30 million, which equals about NIS 2.16 per ordinary share.
When is the dividend payable?
Shareholders on record will receive their dividends on a specified payment date following the record date.
What does G. Willi-Food International specialize in?
G. Willi-Food specializes in the development, marketing, and international distribution of kosher food products, providing a diverse range of over 650 different food items.
Where are G. Willi-Food's products available?
The products are marketed to over 1,500 customers across 3,000 selling points globally, including significant retail and wholesale outlets.
Who can provide more information about the company?
The Chief Financial Officer, Yitschak Barabi, can be contacted for further inquiries regarding G. Willi-Food International Ltd.
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