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Strauss Group ( (IL:STRS) ) has issued an announcement.
Strauss Group has announced a cash dividend distribution after completing the sale of its holdings in Sabra and Obela to PepsiCo. This dividend, amounting to 200 million NIS, will be distributed based on the company’s net profit from the transaction, and the board has confirmed compliance with profit and solvency tests. The board of directors evaluated the impact of the dividend distribution on the company’s financial health, ensuring it would not prevent the company from meeting its obligations or affect its financial strength and liquidity.
More about Strauss Group
YTD Price Performance: 12.90%
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $2.53B
For detailed information about STRS stock, go to TipRanks’ Stock Analysis page.