On the 29th of May, the Madara Annual General Meeting of Shareholders decided to pay out dividends of 12 cents per share. It was decided that the dividend ex-date is June 10, 2019, and that the dividend will be paid out on June 12, 2019.
The dividend info was also publicised as a separate post on the 30th of May. All Madara cosmetics announcements can be found here.
As I own 100 shares I got 12 € as dividends. As Madara is a young growing company they do not pay too large dividends so compared to the purchase price it was just 1,6% for me.
As is usual in dividend times the stock price first rose after the announcement (even to 8€) and then after the ex-date also dropped to 7,40€. As we can see the market overreacts as the price drop was far larger than the dividend amount. For me, the current price is still above what I paid when I purchased Madara so rather happy with the dividend as well as the cosmetics samples I get twice a year as a stockholder. If you do not know what I am talking about I have written about it several times but the main idea how to be part of this offer can be read about here and here.
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