Max Stock Limited Announces Exciting Cash Dividend for Shareholders
In a significant move to reward its shareholders, Max Stock Limited has announced a cash dividend of ILS 0.50177 per share, equating to a total distribution of ILS 70 million. This announcement was made on March 19, 2025, following a board meeting held on March 18, 2025, in which the decision was approved. The dividend is to be paid out on April 27, 2025, with the record date set for April 14, 2025.
The funds used for this dividend come from the distributable profits of the company, which amount to ILS 145,775,000 according to the financial statements published as of December 31, 2024. Max Stock Limited, which operates as an extreme value retailer in Israel, emphasizes providing quality products at affordable prices, which is core to its business philosophy of helping customers 'Dream Big, Pay Small.' This distribution also complies with the profit and solvency tests mandated by Section 302 of the Israeli Companies Law of 1999.
Tax-wise, the entirety of this dividend has been classified as stemming from income generated by an Israeli resident company subject to local corporate tax. This strategic move is anticipated to enhance shareholder value and reflect the company’s strong financial standing.
Moreover, it's worth mentioning that the dividend payout will also affect stock options issued to employees and officers under the company’s option plan. According to the stipulated mechanism in the plan, option prices will be adjusted accordingly following this distribution.
As the leading extreme value retailer in Israel, Max Stock proudly maintains 65 locations nationwide, catering to a diverse customer base with an extensive range of products designed for everyday use. The announcement of this cash dividend is expected to boost investor confidence and is consistent with the company's strategy of delivering value to its shareholders.
Looking ahead, investors and stakeholders are keen to see how this decision will impact the company's stock performance on the Tel Aviv Stock Exchange (TASE: MAXO). Market analysts suggest that such dividends are likely to attract potential investors, reinforcing Max Stock's position in the retail sector.
For more detailed information regarding the latest financial reports and their implications for future growth, interested parties can visit the investor relations section of Max Stock’s official website. The company remains committed to transparency, ensuring that investors have all necessary resources at their disposal to make informed decisions about their investments in Max Stock Limited.
In conclusion, Max Stock Limited's announcement of a cash dividend reflects its robust performance and offers a rewarding opportunity for its investors. With a focus on delivering quality products at great prices, the company continues to be a leader in the value retail segment in Israel.
The funds used for this dividend come from the distributable profits of the company, which amount to ILS 145,775,000 according to the financial statements published as of December 31, 2024. Max Stock Limited, which operates as an extreme value retailer in Israel, emphasizes providing quality products at affordable prices, which is core to its business philosophy of helping customers 'Dream Big, Pay Small.' This distribution also complies with the profit and solvency tests mandated by Section 302 of the Israeli Companies Law of 1999.
Tax-wise, the entirety of this dividend has been classified as stemming from income generated by an Israeli resident company subject to local corporate tax. This strategic move is anticipated to enhance shareholder value and reflect the company’s strong financial standing.
Moreover, it's worth mentioning that the dividend payout will also affect stock options issued to employees and officers under the company’s option plan. According to the stipulated mechanism in the plan, option prices will be adjusted accordingly following this distribution.
As the leading extreme value retailer in Israel, Max Stock proudly maintains 65 locations nationwide, catering to a diverse customer base with an extensive range of products designed for everyday use. The announcement of this cash dividend is expected to boost investor confidence and is consistent with the company's strategy of delivering value to its shareholders.
Looking ahead, investors and stakeholders are keen to see how this decision will impact the company's stock performance on the Tel Aviv Stock Exchange (TASE: MAXO). Market analysts suggest that such dividends are likely to attract potential investors, reinforcing Max Stock's position in the retail sector.
For more detailed information regarding the latest financial reports and their implications for future growth, interested parties can visit the investor relations section of Max Stock’s official website. The company remains committed to transparency, ensuring that investors have all necessary resources at their disposal to make informed decisions about their investments in Max Stock Limited.
In conclusion, Max Stock Limited's announcement of a cash dividend reflects its robust performance and offers a rewarding opportunity for its investors. With a focus on delivering quality products at great prices, the company continues to be a leader in the value retail segment in Israel.
Topics Financial Services & Investing）
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