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Dividends

NIS paid to shareholders 10,5 billion dinars as dividend for 2023.

Dividend Policy of NIS j.s.c. Novi Sad

Our long term dividend policy is to declare dividends totaling at least 15 percent of net profit.

Our dividend policy is based on a balanced approach that takes into account the need to retain earnings for the purpose of financing future investments, the return on equity and the dividend payout ratio.

When proposing dividends, the Company’s Board of Directors takes into consideration a range of factors, including the financial position, investment plans for the upcoming period, loan repayment schedules, the macroeconomic environment and legal requirements. Any of these factors alone or combined, if significant enough, may influence the proposed dividend payment if any.

The decision on the distribution of profits and payment of dividends is adopted by the Shareholders Assembly at the regular annual meeting.

Dividends will be declared annually and in Serbian dinars (RSD).

Dividend policy of NIS j.s.c. Novi Sad has been adopted by Decision of Shareholders’ Assembly of NIS j.s.c. Novi Sad on its 4th regular session held on 25 June 2012.

Data on dividends paid for previous years

Download summary (xlsx, 16kb)

2023.

2022.

2021.

2020.

2019.

2018.

2017.

2016.

2015.

2014.

2013.

2012.

2011.

2010.

2009.

2008.

The company generated a profit.

At the 16th Ordinary Shareholders’ Assembly Meeting which was held on 27 June 2024, the decision to allocate 25% of net profit generated in 2023 for dividend payments was adopted. The decision stipulates the payment of 10.5 billion RSD to shareholders, or the gross amount of 64.26 RSD per share.

The shareholders who were registered in the Central Securities Depository and Clearing House, as statutory holders of NIS j.s.c. Novi Sad shares on 17 June 2024 (Record Date) are entitled to the dividend payment.

The dividend for 2023 was payed to shareholders on 28 August 2024.

For additional information, please visit our special page Dividend payment for 2023.

Certificates of withholding tax

For certificates of withholding tax paid on the dividend for natural persons and for certificate on PPP-PO form, please contact Practice for compliance of public companies on servis.akcionara@nis.rs.

Dividend for 2018 and 2019

According to the regulations that were valid at the time of dividend payment for 2018 and 2019, the dividend that was not paid to the shareholders’ account within 15 working days from the day of payment was returned to NIS. This dividend is paid by NIS after the Request for payment of dividend returned to the payer is submitted.

Shareholders can submit a request in person in Belgrade or Novi Sad or by registered mail.

For additional information, please contact the Practice for compliance of public companies.

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COOKIE MANAGEMENT POLICY

What is a cookie?

A cookie is a small text file sent to your computer when you visit a website. Cookies perform many different functions on NIS websites, making it possible for you, among other things, to move more efficiently through webpages, storing your favourite settings and, in general, helping to improve your website experience.
The EU Directive 2009/136/EC allows storing cookies on your device if they are essential for the functioning of the website, whereas all other cookies are conditional on your consent.

NIS websites may also use the cookies that are not essential for their functioning. Such cookies are not used to track the behaviour of individual users or identify them but to gain useful insight into the way in which the websites are used, so we could further improve them for our users. Without the insight gained through cookie-based systems, we would not be able to provide these services to you.

The types of cookies we use

If you are setting the language, font size or a certain website version (e.g. high contrast mode), cookies for setting user interface are used for that. When the setting is complete, you are not required to specify your preferences when you next visit this website.

If you are using the website sections where you need to register in order to access them, we place an authentication cookie on your computer for that purpose. This allows you to leave and return to those sections without re-authentication.

NIS wants to find out about the way in which visitors use its websites, which is why it uses network analytics services. They register the number of visitors and provide us with general information about their behaviour, such as key words entered into the browser that direct the user to our website, the average time that a user spends on the website and the number of pages browsed by a user. For this purpose, we place the so-called first-party analytics cookie on your computer.

To monitor network statistics, we may also use services like Google Analytics. In that case, Google places the so-called third-party cookie on your computer. Such a cookie is also placed when we use Google maps.

All data collected by these cookies is stored and managed by NIS or its affiliates in the countries where the company operates.
For any additional information or contact with NIS, please refer to our Privacy Protection Policy.

Cookie control

If you do not want to receive cookies, you can set your web browser to notify you when cookies are sent to you or you can decline to receive any cookies. You can also delete the cookies that have already been placed on your computer.

If you wish to limit or block the receipt of cookies placed on your device by a web browser, you can do it by adjusting the browser settings; the procedure is explained in the browser’s help option. You can also visit the website www.aboutcookies.org (external link), which contains detailed instructions about this procedure in different web browsers.