Dividends
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
The company generated a profit.
At the 14th Ordinary Shareholders' Assembly Meeting which was held on 29 June 2022, the decision to allocate 25% of net profit generated in 2021 for dividend payments was adopted. The decision stipulates the payment of 5.8 billion RSD to shareholders, or the gross amount of 35.46 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 19 June 2022 (Record Date) are entitled to the dividend payment.
The dividend for 2021 was payed to shareholders on 22 August 2022.
For additional information, please visit our special page Dividend payment for 2021.
The company generated losses.
At the XIII Regular Shareholders Assembly, which was held on 29 June 2021, the decision to allocate part of profit from the previous years for dividend payments was adopted. The decision stipulates the payment of 1 billion RSD to shareholders, or the gross amount of 6.14 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 19 June 2021 (Record Date) are entitled to the dividend payment.
The dividend for 2020 was payed to shareholders on 31 August 2021.
The company generated a profit.
At the 12th Regular Shareholders Assembly, which was held on 30 June 2020, the decision to allocate 25% of net profit generated in 2019 for dividend payments was adopted. The decision stipulates the payment of 4.4 billion RSD to shareholders, or the gross amount of 27.14 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 20 June 2020 (Record Date) are entitled to the dividend payment.
The dividend for 2019 was payed to shareholders on 27 November 2020.
The company generated a profit.
At the 11th Regular Shareholders Assembly, which was held on 27 June 2019, the decision to allocate 25% of net profit generated in 2018 for dividend payments was adopted. The decision stipulates the payment of 6.5 billion RSD to shareholders, or the gross amount of 39.97 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 2019 (Record Date) are entitled to the dividend payment.
The dividend for 2018 was payed to shareholders on 17 September 2019.
The company generated a profit.
At the 10th Regular Shareholders Assembly, which was held on 21 June 2018, the decision to allocate 25% of net profit generated in 2017 for dividend payments was adopted. The decision stipulates the payment of 6.9 billion RSD to shareholders, or the gross amount of 42.61 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 11 June 2018 (Record Date) are entitled to the dividend payment.
The dividend for 2017 was payed to shareholders on 27 August 2018.
The company generated a profit.
At the 9th Regular Shareholders Assembly, which was held on 27 June 2017, the decision to allocate 25% of net profit generated in 2016 for dividend payments was adopted. The decision stipulates the payment of 4.0 billion RSD to shareholders, or the gross amount of 24.66 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 2017 (Record Date) are entitled to the dividend payment.
The dividend for 2016 was paid to shareholders on 18 August 2017.
The company generated a profit.
At the 8th Regular Shareholders Assembly, which was held on 28 June 2016, the decision to allocate 25% of net profit generated in 2015 for dividend payments was adopted. The decision stipulates the payment of 4.0 billion RSD to shareholders, or the gross amount of 24.69 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 18 June 2016 (Record Date) are entitled to the dividend payment.
The dividend for 2015 was paid to shareholders on 19 September 2016.
The company generated a profit.
At the 7th Regular Shareholders Assembly, which was held on 23 June 2015, the decision to allocate 25% of net profit generated in 2014 for dividend payments was adopted. The decision stipulates the payment of 7.6 billion RSD to shareholders, or the gross amount of 46.85 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 13 June 2015 (Record Date) are entitled to the dividend payment.
The dividend for 2014 was paid to shareholders on 31 August 2015.
The company generated a profit.
At the 6th Regular Shareholders Assembly, which was held on 30 June 2014, the decision to allocate 25% of net profit generated in 2013 for dividend payments was adopted. The decision stipulates the payment of 13.1 billion RSD to shareholders, or the gross amount of 80.22 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 20 June 2014 (Record Date) were entitled to the dividend payment.
The dividend for 2013 was paid to shareholders on 25 November 2014.
The company generated a profit.
At the 5th Regular Shareholders Assembly, which was held on 18 June 2013, the decision to allocate 25% of net profit generated in 2012 for dividend payments was adopted. The decision stipulates the payment of 12.4 billion RSD to shareholders, or the gross amount of 75.83 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 8 June 2013 (Record Date) were entitled to the dividend payment.
The dividend for 2012 was paid to shareholders on 20 August 2013.
The company generated a profit.
The Shareholders Assembly adopted on 25 June 2012 the Decision on Allocation of Profit and Covering Losses for 2011, under which the total profit earned was allocated to cover the losses carried forward from the previous years, and therefore no dividends were paid out.
The Company generated a profit.
The Board of Directors* adopted on 27 July 2011 the Decision on Allocation of Profit and Covering Losses for 2010, under which the total profit earned was allocated to cover the losses carried forward from the previous years, and therefore no dividends were paid out.
*In accordance with the NIS Incorporation Act, which was in force at the time when the Decision was enacted, decision-making about profit distribution and loss coverage was within the competence of the Board of Directors.
The Company generated losses and no dividends were paid out.
The Company generated losses and no dividends were paid out.
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 Sector for Minority Shareholders Relations 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 Sector for relations with minority shareholders.
