Dividend

The Greek bourse saw another day of mild gains on Thursday despite the drop in buyers' interest. Rising stocks outnumbered the losers two-to-one and the benchmark inched higher once again, shaking off the impact of the OPAP dividend cut.

Beneficiaries of the so-called "social dividend," a one-off handout stemming from the primary surplus overrun, should expect to see the amount charged to their accounts on Monday or Tuesday, government spokesman Stelios Petsas said last week.

As many as 16 changes are being introduced from January 1 in the taxation of all households, enterprises and property owners, mostly concerning reduction that will significantly alter the landscape for local taxpayers. They are the following:

This month's budget spending on the "social dividend" is seen reaching up to 200 million euros, against the announced 175 million, as the government is examining the possibility of expanding the number of recipients of the handout from the primary budget surplus overrun.

The new tax bill submitted for public consultation on Thursday contains some very favorable provisions for corporations, which will see their taxes slashed by about 30 percent next year.

Greek retailer Jumbo said on Tuesday it increased its dividend payout by 20 percent for its fiscal year that ended in June and will continue doing so for the next two years.
Jumbo will pay a total dividend of 0.47 euros a share for the 12 months to end-June, up from 0.39 euros in the respective period a year ago.

Agenda consisting of the adoption of the financial statements for the past year and the decision on profit distribution.

The Aurubis Bulgaria copper industry, which is one of the largest revenue companies in Bulgaria, plans to distribute dividends to its shareholders for a total of BGN 202.3 million in 2018.

This is clear from a call for a general meeting of shareholders in the company to be held on June 12.

Listed gaming giant OPAP is planning to propose a share capital increase to its shareholders, in order to draw up to 800 million euros, instead of distributing a dividend to its old shareholders, in the period from 2019 to 2023.

Listed companies will distribute more dividends this year than 2018, according to data collected by Leon Depolas Securities for Kathimerini.