INVL Baltic Farmland, a company that invests in agricultural land, will pay shareholders larger than usual dividends for 2021, allocating EUR 775,000 or EUR 0.24 per share. Decisions on this and other proposals were adopted at the company’s general shareholders’ meeting held today.
“The company’s good performance last year and an extremely successful sale transaction early this year that brought a gain of EUR 350,000 allow the company to pay bigger dividends than the EUR 0.10 per share amount envisaged in its dividend policy,” INVL Baltic Farmland’s Chairman of the Board Alvydas Banys says.
The dividends will be paid out within a month of the date the decision was adopted. Those investors who are shareholders of INVL Baltic Farmland at the end of business on 11 May 2022 will have the right to receive the dividends. Based on the 5 April 2022 share price, the dividend yield would be 3.12%.
The general shareholders’ meeting also elected the board of INVL Baltic Farmland, consisting of Alvydas Banys and Indrė Mišeikytė and the independent board member Tomas Bubinas.
INVL Baltic Farmland is listed on the Nasdaq Vilnius stock exchange. Its subsidiaries own nearly 3,000 hectares of agricultural land in Lithuania which is rented out to agriculture companies and farmers.