Keo announces €2.1 million interim dividend, payable by November 29
Keo says shareholders will receive five cents for each fully paid ordinary share, with eligibility determined by the November 2 record date.
Nicosia, Cyprus. Cypriot beverage producer Keo plc announced on Wednesday that it would distribute €2,109,096 to shareholders as an interim dividend by November 29. The company said its board approved the payment on October 20.
Payment and shareholder eligibility
According to Keo, the dividend will amount to five cents for each fully paid ordinary share, up from the four cents paid in August.
The company said entitlement would be based on the shareholder register maintained by the Cyprus Stock Exchange as of November 2. Purchases made before trading closes on October 29, the final cum-dividend day, will qualify.
Keo said trading would become ex-dividend on October 30, excluding investors who buy shares from that date from the payment. It also confirmed that holders acquiring securities through an off-floor transfer finalised by November 2 would be eligible.
Earlier distribution and financial performance
The latest decision follows less than two months after Keo completed its August dividend payment of €1.69 million, equivalent to four cents for each fully paid ordinary share.
That distribution received approval at Keo’s July annual general meeting. It was financed using earnings generated during 2024 and retained in the company’s revenue reserve.
The new payout comes amid declining sales and reduced earnings at Keo.
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