Viscofan ( (ES:VIS) ) has provided an update.
Viscofan has announced a proposal for shareholder remuneration for the 2024 financial year, offering a flexible dividend system where shareholders can choose between receiving new shares, cash, or transferring allocation rights. To support this, the company is launching a share buyback program aimed at reducing share capital and preventing dilution for those opting for cash dividends. This strategic move is designed to enhance shareholder value and maintain market stability, reflecting the company’s adaptability to current market conditions.
More about Viscofan
Viscofan, S.A. operates in the food industry, specializing in the production of artificial casings for meat products. The company is a key player in the global market for food casings, providing essential materials for meat processing and packaging.
YTD Price Performance: -1.51%
Average Trading Volume: 2,665
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €2.8B
See more data about VIS stock on TipRanks’ Stock Analysis page.