59 joint-stock companies announced dividend payments for 2024

As the reporting campaign for 2024 comes to an end, Kyrgyzstan's largest joint-stock companies are moving on to the most anticipated stage — the payment of dividends. As of May 20, according to the BTC exchange, 59 open joint-stock companies in the country have publicly announced dividend payments.

A full list of companies with the amount of dividends paid will be published later. However, it is already known that OJSC Airports of Kyrgyzstan has set a dividend of 29.915 som per ordinary share. This provided shareholders with a return of 3.98% at market value and 7.05% at par value.

The results of Kyrgyzneftegaz, one of the leaders in the raw materials sector, are no less impressive. The company announced a dividend of 29.6436 som per share. This secured one of the highest dividend yields on the market — 11.85% at the current market price.

It should be noted that, according to the Law on Joint Stock Companies, the company is required to allocate at least 25% of its net profit to dividend payments. However, this rule applies provided that the board of directors has previously assessed the possible risks of bankruptcy. If the payment of dividends could lead to a deterioration in the financial position, the joint-stock company has the right not to pay dividends.