World Footwear

Companies

Tod's confirms dividend distribution

May 3, 2019 Italy
Tod's confirms dividend distribution
In the same ordinary meeting which approved the Financial Statements for the year ended in December 2018, shareholders also confirmed the distribution of dividends
Tod's shareholders gathered in a ordinary meeting and approved the Financial Statements for the year ended on the 31st of December 2018, as listed in the draft approved by the Board of Directors on the 11th of March 2019. In 2018 the parent company Tod’s S.p.A. registered 636.9 million euros of sales  revenue, compared to 662.6 million euros in the previous year and 68.7 million euros of net profit (representing 10.8% of sales revenue).

The shareholders’ meeting also resolved the distribution of a dividend of one euro per share, gross of any due withholding tax, corresponding to apay-out of 70.2% calculated on the group’s net income. The same forum decided to allocate 464 578 euros, representing 1% of net profit for the Tod’s Group, to a special reserve fund attended to be used to pursue solidarity project on local territory.

Furthermore, the shareholders meeting resolved to renew the authorization to the Board of Directors in order to purchase ordinary treasury shares, in one or more tranches, up to a maximum of 10% of share capital, for a period of eighteen months from the date of the resolution.

Photo by Christian Dubovan on Unsplash

Related Events

  • Jan
    11
    Jan 11-Jan 14, 2025 | Riva del Garda, Italy

    Expo Riva Schuh

  • Jan
    14
    Jan 14-Jan 17, 2025 | Florence, Italy

    Pitti Uomo

  • Feb
    23
    Feb 23-Feb 25, 2025 | Milan, Italy

    Mipel

  • Feb
    23
    Feb 23-Feb 25, 2025 | Milan, Italy

    MICAM Milano

Related Organizations

  • Craftsmanship School in Florence (Schola)

    Craftsmanship School in Florence (Schola)

    Italy
  • Assocalzaturifici - Italian Footwear Manufacturers' Association

    Assocalzaturifici - Italian Footwear Manufacturers' Association

    Italy
  • Polimoda - International Institute Fashion Design & Marketing

    Polimoda - International Institute Fashion Design & Marketing

    Italy
  • ICEC - Institute of Quality Certification for the Leather Sector

    ICEC - Institute of Quality Certification for the Leather Sector

    Italy