Understanding the 2024 Dividend Payment Process for Apranga APB
Overview of Apranga APB Dividends
Apranga APB is poised to reward its shareholders for the financial year ending in 2024, demonstrating its commitment to returning profits to its investors. The company's board has earmarked an amount of EUR 0.24 per share as dividends, a decision made during the recent Annual General Meeting. This initiative underlines Apranga's healthy financial performance and its strategy to share profits with those who have invested in the company.
Eligibility for Dividend Payments
To benefit from the upcoming dividend, shareholders must ensure they hold shares in Apranga APB as of the tenth business day following the Annual General Meeting decision. This means that shareholders on record by a specific date will receive their dividends. This policy ensures that only those invested in the company at the time of the decision are eligible to receive these benefits, aligning with standard practices in corporate governance.
Important Dates for Shareholders
For those tracking key dates, the Ex-Date is particularly crucial. This is the date from which new purchases of shares on the regulated market do not confer rights to dividends. For Apranga APB, this date is set for 14 May of the upcoming year. As shareholders prepare to engage with their investments, knowing these timeline specifics is essential for planning financial expectations.
Dividend Payment Process
As the payment date approaches, there are structured processes in place for distributing the dividends. Starting from 29 May, funds will be disbursed as follows. Shareholders whose shares are maintained by financial brokerage firms or credit institutions will receive their payments directly into their accounts, after applicable taxes have been deducted. Similarly, those whose shares are held with the authorized custodian, AB SEB bankas, will see their dividends transferred accordingly with compliance to Lithuanian tax laws.
Tax Implications for Dividend Payments
Shareholders should also be aware of the tax implications associated with the dividends they receive. For individual shareholders residing in Lithuania as well as foreign investors, a withholding Personal income tax will be applied at a rate of 15 percent. Corporates under the same tax jurisdiction face a different rate, assessed at 16 percent, unless international tax agreements suggest otherwise. This variability reinforces the importance of tax planning for shareholders from different nationalities.
Double Taxation Agreements
Residents of foreign nations that have established treaties with Lithuania for avoiding double taxation have options to mitigate their tax burdens. They may submit a Claim for Reduction or Exemption from Tax Withheld at Source using the designated form. It is vital to follow legislative requirements accurately and present these forms timely to Apranga APB’s registered address.
Contact Information for Shareholder Inquiries
For shareholders seeking further clarification or assistance, reaching out to the company’s Chief Financial Officer, Gabrielius Mork?nas, is recommended. He can be contacted at +370 5 2390843 or via email at g.morkunas@apranga.lt. Engaging directly with company representatives can provide shareholders with personalized guidance tailored to their situations.
Frequently Asked Questions
What is the dividend amount for Apranga APB in 2024?
The company has declared a dividend of EUR 0.24 per share for the financial year 2024.
When is the deadline to receive dividends?
Shareholders must own shares by 15 May 2025 to be eligible for the dividend payment.
What is the Ex-Date for the 2024 dividends?
The Ex-Date is set for 14 May 2025, meaning purchases made on or after this date will not qualify for the dividend.
How will the dividends be paid out?
Dividends will be paid through institutional financial service channels, either to brokerage accounts or through AB SEB bankas.
What are the tax rates applicable to dividends?
Tax rates include a 15% withholding tax for individual residents and a 16% corporate tax for legal entities, unless reduced by tax treaties.
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