At its annual general meeting, the wine group Hawesko Holding SE approved a dividend payment of €1.30 per share for the 2023 fiscal year, payable from June 17, 2024. The company reported profits of €21.3m in its annual financial statement. According to calculations by the German wine trade magazine Weinwirtschaft, the payout to shareholders is expected to total approximately €11.7m.
With a turnover of around €660m in the 2023 fiscal year, Hawesko experienced a slight decrease of 1.7%. For comparison, the publicly traded company paid out €1.90 per share for the 2022 fiscal year. The dividend represents a yield of about 4.2%, based on a share price of €31 as of June 11, 2024. Despite the reduction, Hawesko continues a tradition of giving shareholder dividends that has remained unchanged since its IPO in 1998.
