German Giant Hawesko Cuts Shareholder Dividends

The shareholders' meeting has decided on a dividend significantly lower than for the previous year.

Reading time: 45s

Logo Hawesko Holding SE
Logo Hawesko Holding SE

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.


And here is a contribution to the debate from Lorenzo Biscontin, consultant, author and founder of Vinophila Wine Expo. 

Reading time: 2m 15s




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