G. Willi-Food International to Distribute NIS 20 Million Dividend

G. Willi-Food International Declares Major Dividend
G. Willi-Food International Ltd. (NASDAQ: WILC) has recently made headlines by announcing a remarkable cash dividend of NIS 20 million, significantly benefiting its shareholders. The company, renowned for its expertise in the creation and distribution of kosher food products, underlines its commitment to shareholder value through this financial move.
Details of the Dividend Distribution
The Board of Directors of G. Willi-Food has declared that each ordinary share will yield a dividend of approximately NIS 1.44. This translates to a substantial aggregate amount of about US$5.8 million. While the declaration is a significant financial gesture, shareholders eager to receive their dividends in USD should note the conversion process tied to the fluctuations in currency exchange rates.
Eligibility and Payment Timeline
Shareholders must be on the record as of a certain date, which will mark the basis for dividend eligibility. In this instance, the record date is set shortly after the dividend declaration. The payment will follow a scheduled timeline, ensuring a smooth flow of funds to the shareholders. Keeping track of these dates is essential for all investors interested in the enhanced dividend opportunity.
About G. Willi-Food International Ltd.
Company Overview
G. Willi-Food International Ltd. is a leading name in the kosher food market, showcasing a diverse range of over 650 products. As one of Israel’s prominent food importers, the company actively markets its products through more than 1,500 customer outlets globally. Operating through its subsidiaries, including Euro European Dairies, G. Willi-Food crafts high-quality dairy products, catering to a wide array of consumers.
Commitment to Quality and Innovation
The company is dedicated to maintaining high standards in food safety and innovation. Its expansive network ensures that customers have access to premium kosher products that meet modern dietary preferences. By continuously evolving its product lines, G. Willi-Food strives to stay ahead in the competitive food industry, fulfilling the needs of various markets across the globe.
Frequently Asked Questions
What was the declared dividend amount by G. Willi-Food International?
The declared dividend amount is NIS 20 million, translating to approximately NIS 1.44 per ordinary share.
When is the payment for the dividend scheduled?
The payment of dividends is set to be disbursed on a scheduled date following the record date for shareholders.
Where can I find G. Willi-Food's products?
G. Willi-Food products are available globally, marketed through a network of over 1,500 customer points, including supermarkets, wholesalers, and institutional buyers.
How does the currency conversion affect the dividend?
For shareholders opting to receive dividends in U.S. dollars, the final amount may vary based on the conversion rates at the time of payment.
What are the core operations of G. Willi-Food?
The core operations of G. Willi-Food encompass the design, import, marketing, and distribution of kosher food products throughout various international markets.
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