OREANDA-NEWS. March 16, 2010. Wimm-Bill-Dann Food’s BoD recommended that an AGM approve a dividend payout for 2007-2008 of RUB 30 per share. The company intends to earmark roughly RUB 1.32 billion for the payout. The meeting is scheduled to convene on May 14, while the ex-dividend date is set for March 26, 2010.

Although a dividend yield on the planned payout does not exceed 2%, we are upbeat on the company’s determination to resume dividend payouts for the past periods. The last dividend the company paid was for 2006. We expect the company to continue with dividend payouts in the future, given its strong financials for 2009.